Bellway Sales Rise as UK Housebuilder Eyes Spring Recovery

The developer completed 4,702 homes in the six months through Jan. 31, a steady climb from the 4,577 units delivered in the prior year. This volume growth was supported by a stronger pricing environment, with the average selling price rising to £322,000. While the headline reservation rate dipped slightly to 0.47 per outlet per week, the company highlighted that underlying private demand—stripping out bulk deals—actually improved year-over-year.

Strengthening Order Book

The company’s forward order book stood at 4,442 homes with a total value of £1.24 billion at the end of January. Although these figures are lower than the previous year's £1.31 billion, Bellway remains confident in its trajectory. Management confirmed it is on track to deliver approximately 9,200 homes for the full fiscal year, representing a significant increase over the 8,749 completions recorded in the prior 12-month cycle.

Early data from the current spring season suggests a shift away from the "subdued environment" seen last autumn. Bellway reported an encouraging increase in customer leads and reservation rates, though it cautioned that the market remains sensitive to mortgage affordability. According to the report, the evolving economic backdrop continues to dictate the pace of the recovery as buyers navigate fluctuating borrowing costs.