Mike Smuts January 5, 2017 Uncategorized no responses

Housebuilder, Persimmon, reported a rise in revenues and average selling prices saying demand has increased since Brexit. They had reported an 8% rise in full year revenues to £3.14bn and said average selling prices rose by 4% to £206,700. This is good news for investors as they can appreciate that demand for houses has actually increased since the EU referendum last June with the forward sales book up 12% on this point last year to £1.23bn. The group’s confidence was underlined by news that it has acquired a further 18,700 plots and opened 255 new development sites during the year.