Bellway has managed to boost sales and profits despite Brexit jitters causing some would-be buyers to scrap their purchases, the housebuilder said on Wednesday.
The FTSE 250 firm sold 5007 homes in the six months to January 31, helping revenue to rise 12.4% to £1.5 billion. Pre-tax profits rose to £313.9 million from £288.7 million.
Flats sold in London were in areas such as Stratford and Nine Elms.
The average selling price of all homes that were snapped up rose by 6.5% to £293,832.
It benefited from high employment, good access to affordable mortgage finance and the Help to Buy scheme.
That helped to offset a small increase in cancellation rates, which rose to 13% from 11%.
Boss Jason Honeyman blamed “a slight moderation in customer confidence in the wider economy” caused by Brexit uncertainty.
Bellway upped the dividend by 5% to 50.4p per share.
Shares in Bellway rose 2%, or 71p, to 3071p.
