Bellway’s completions and pricing “slightly ahead” of guidance

Bellway’s housing completions and average selling price for its full year are “slightly ahead” of guidance, it said today (August 12), while it noted “softer trading” in its final quarter.

Giving a trading update ahead of its full year results for the year ending July 31 2025, the housebuilder said its total completions rose 14.3% to 8,749 homes against 2024, with their overall average selling price increasing from last year’s £307,909 to £316,000. In June, it stated that completions would likely range between 8,600 and 8,700 homes, with pricing at around £315,000.

Housing revenue during the year lifted 17% to more than £2.76 billion; Bellway’s underlying operating margin is expected to “approach” 11%, up from 2024’s 10%.

Its private reservation rate per outlet per week – including bulk sales – was 11.8% above 2024 at 0.57. Excluding bulk sales, the rate increased 6.1% to 0.52.

Bellway said the higher level of private reservations during the year had improved its forward order book from the end of the 2024 year to 5,307 homes (2024 – 5,144 homes), with a value of £1,519.4 million against last year’s £1,412.9 million.

But while the private reservation rate improved in the …