Bovis sees increased reservations in stable market

July 8, 2011
<p>Bovis has joined fellow plc housebuilders in reporting a stable housing market in which private reservations rose 16% year on year in the first six months to 802.</p> <p>Legal completions at 801 were flat in the period compared to 2010 (803), but last year's figures included the sale of 215 units into a private rental joint venture.</p> <p>The Group expects to launch 33 sales outlets during the year, 19 of which have already opened, taking the average number of sales outlets to 73. Bovis has been busy in the land market, adding 1,571 consented plots on nine new sites.</p> <p>Bovis ceo David Ritchie said: "On the basis of the current stable market conditions continuing, the Group remains confident that it can deliver on its expectations for 2011 and will continue to invest to increase output capacity to deliver higher returns to shareholders.</p>

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