Persimmon report steady boost in private sales

First published in Business news

HOUSEBUILDER Persimmon has reported a boost in sales in an interim management statement.

It reported in its half-year results that weekly private sales rates were about five per cent ahead of the previous year.

Visitor levels to its sites were about six per cent ahead of last year from the start of the autumn season and cancellation rates continue to run at historically low levels at about 20 per cent.

Andrew Bowes, managing director of Persimmon Homes Yorkshire, said: “House buyers in our region have been helped by the cost of mortgage loans reducing slightly as lenders access the Government’s funding for lending scheme and pass the lower funding costs through to our customers. The take-up of the Government-backed five per cent deposit NewBuy mortgage product has also helped our region, with a steady increase in customers purchasing a home with a NewBuy mortgage.”

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