Persimmon sees prices cooling
13 April 2012
HOUSEBUILDER Persimmon gave further evidence of a cooler market for new homes today despite telling City analysts to upgrade their half-year profit forecasts for the company.
'The underlying increase in average selling prices continues to be well below the reported level of increase for all house price transactions as published by the Halifax and Nationwide surveys,' chief executive John White said.
The average price of a Persimmon new home increased 10% in the first half year to £170,000 but summer volumes are expected to be down on last year with prices 'remaining stable'.
The group's order book stands at record levels with 10,400 unit worth £1.8bn already sold this year.
