UK homebuilder Bellway posted a 12% rise in half-year profit on Tuesday, driven by lower mortgage rates and improved consumer confidence, and said that affordability remained “relatively constrained” for certain customers.
The company, which constructs everything from one-bedroom apartments to six-bedroom family homes and luxury penthouses, said underlying pre-tax profit rose to 150.2 million pounds ($194.1 million) for the six months ended January 31 from 134 million pounds a year earlier.
“We have been encouraged by the improvement in customer enquiries and reservations since the start of the new calendar year,” CEO Jason Honeyman said in a statement.
(Reporting by Aby Jose Koilparambil）
