Prices ahead of expectations at Bovis

House builder Bovis Homes had a strong first half to 2012, in line with expectations, with net private reservations sharply higher while prices are set to be much better in the second half.

House builder Bovis Homes had a strong first half to 2012, in line with expectations, with net private reservations sharply higher while prices are set to be much better in the second half.

For the six months ended 30 June 2012, the group legally completed 944 homes, compared to 801 homes in the same period in 2011, an increase of 18%. Bovis's average sales price increased by 1% year-on-year to £164,400, and would have increased by more had it not been for an increased proportion of legal completions from sites in the Midlands and up north, where prices tend to be lower.

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