Builders quids in
Bovis Homes and Persimmon are poised to report solid half-year results as they benefit from the cheap land plots and a focus on building more family homes.
This week’s numbers are also expected to reflect a strong spring selling season as first-time buyers rushed to take advantage of a stamp duty holiday before it expired.
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Hide AdSince then, the UK government has launched its NewBuy scheme to encourage the return of 95 per cent loan-to-value mortgages.
Persimmon, led by chief executive Mike Farley, is tipped to report a 30 per cent hike in pre-tax profits to £75.3 million. Bovis Homes is expected to reveal that pre-tax profits nearly doubled to £15.2m in the first half of 2012, according to Numis analyst Chris Millington.