Bellway warns of subdued demand despite strong FY performance

Over the last financial year, there had been a strong underlying demand across the country, with a 6.9% increase in the overall reservation rate to 218 per week

Housebuilder Bellway has reported strong revenues in the year ending 31 July, 2022, with revenues rising by 13.3% to £3.5m thanks to strong house prices in the period, but has warned of waning demand in the year ahead amid rising interest rates and inflation.

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