Oct 12 Property developer Countryside Properties
Plc said on Wednesday recent robust trading had more
than offset an initial jump in cancellation rates after Britain
voted to leave the European Union in June.
The company said trading had been generally robust over the
summer months, adding to signs the UK housing market is
returning to normal after a Brexit dip. Builders, including
Persimmon Plc and Barratt Developments Plc, and
data having indicated some stabilisation of demand recently.
Countryside, which has a focus on urban regeneration of
public sector land for private homes, said total sale
completions were up 12 percent to 2,657 units for the year ended
Its private forward order book was up 64 percent at 225.4
million pounds ($280 million).
"We enter (fiscal) 2017 with strong outlet growth and a
record order book which leaves us well positioned to meet market
expectations," it said in a statement.
($1 = 0.8042 pounds)
(Reporting by Esha Vaish in Bengaluru; Editing by Mark Potter)