Share Prices & Company Research

Market News

25 Jul 2019 | 08:38

Countryside Properties expects to meet expectations despite slight dip in home sales

Homebuilder Countryside Properties said it had sold slightly fewer homes and at lower prices in the third quarter of the year, but added that it remained on track to deliver full year expectations. For the 13-week period from 1 April 2019 to 30 June 2019, total completions was in line with prior year at 1,055 homes (Q3 2018: 1,060 homes). Private average selling price fell slightly to £374,000 in the quarter from £376,000 a year earlier. The net reservation rate was up 12% to 1.00 (Q3 2018: 0.89), and total forward order book rose 17% to £1,135m (Q3 2018: £967m). Its partnerships division saw total completions rise 5% to 865 homes, up from 823 homes last year. While its housebuilding division also performed in line with expectations during the quarter, with total completions of 190 homes (Q3 2018: 237 homes) as a result of anticipated build phasing. 'With build programmes on track, our focus now continues to be one of converting our private for sale reservations into completions in the fourth quarter. We are active on a total of 135 sites (Q3 2018: 122 sites) and remain on track to deliver full year expectations,' Countryside Properties said.

At 8:38am: (LON:CSP) Countryside Properties PLC share price was +1p at 299.6p

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.