Friday, January 15, 2010
Sales up but prices down – rejoice!
Bovis Homes saw reservations rebound more than 82pc last year but warned that the restricted mortagage market will keep sales below their historical average this year. Bovis had 1,801 private reservations in 2009, up from 989 in 2008, although the average selling price slipped to Â£165,500 from Â£181,000. However, the homebuilder cautioned that the requirement for large deposits, particularly for first-time buyers, will remain a drag on the housing market this year.