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Bovis Reports: Sold 49 More Homes This Year Compared With Last

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http://www.bloomberg.com/news/2010-07-09/bovis-homes-says-its-annual-sales-advanced-6-company-to-resume-dividends.html

Bovis Homes Says Its Annual Sales Advanced 6%; Company to Resume Dividends
By Tim "Timothy" Barwell - Jul 9, 2010
Bovis Homes Group Plc, the smallest publicly traded U.K. homebuilder by volume, reported a 6 percent increase in sales and said it will resume dividend payments this year.
Sales climbed to
803 homes from 754 a year earlier
, the Longfield, England-based company said today in a statement. The average selling price was about 163,500 pounds ($248,094).
“The group has been operating successfully, delivering solid weekly private sales rates and achieving sales prices ahead of the group’s internal expectations,” Bovis said in the statement. The “strategy of acquiring consented land at this point in the housing market cycle will add significant value to the medium term prospects.”
U.K. house prices fell the most in four months in June as more people sought to sell their home, Halifax said yesterday. Mortgage approvals are at about half the level they were at the peak of the housing boom in 2007. The Council of Mortgage Lenders said on June 18 that
the market remains “subdued.”

Subdued \Sub*dued"\, adjective

Conquered; overpowered; crushed; submissive; mild.

sub·dued   [suhb-dood, -dyood] Show IPA

–adjective

1.

quiet; inhibited; repressed; controlled: After the argument he was much more subdued.

2.

lowered in intensity or strength; reduced in fullness of tone, as a color or voice; muted: subdued light; wallpaper in subdued greens.

3.

(of land) not marked by any striking features, as mountains or cliffs: a subdued landscape.

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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