Persimmon: Good performance continued in the third quarter

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Persimmon PLC said its performance over the summer was good with private sales bookings much higher than pre-pandemic levels, expecting an increase in home completions over the full year.

The housing company stressed that the average weekly sales prices per location for the period July 1-November 8, 16% higher than 2019, returning to a more normal baseline after last year’s serious problems.

Persimmon said it has about 15 1.15 billion ($ 1.56 billion) in sales closed beyond 2021, up from 36 1.36 billion a year ago, but higher than 50 950 million. sterling in 2019.

Persimmon noted that it expects to show a 10% increase in legal home completions in 2021, having completed 13,575 sales in 2020.

The company announced that the expected increase in inflation costs is around 5%.

“The fundamentals of the UK housing market remain strong with good levels of consumer demand and confidence, availability of mortgages and low interest rates,” the company said.

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Source From: Capital

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