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Fri June 18 2021

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Persimmon private sales up 20%

19 Apr 12 Housebuilder Persimmon has issued an upbeat trading statement, disclosing that in the first 15 weeks of the year traffic at its show homes is up 10% and private sales are up 20% on the same period last year.

The company also gave strong backing to government initiatives to kick-start the housing market.

“We have seen a further increase in interest following the government's launch of the NewBuy 95% loan-to-value mortgage guarantee product in March,” the company said in an interim management statement. “We believe this scheme will support increased sales activity for the UK housebuilding industry once all the major mortgage lenders have entered the market, and made NewBuy widely available at attractive rates.

It also backed new National Planning Policy Framework. “We believe this streamlined system should lead to greater speed in the delivery of planning permission once all parties understand the full implications of the government's new framework.”

It added: “The focus on localism within the process fits well with our regional teams' long record of local engagement and should assist Persimmon's ability to deliver sites from our c.16,500 acres of strategic land, as well as helping to deliver schemes we are currently promoting.”

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