Redrow Chairman puts his hand in his pocket

House builder Redrow said sales activity this year has been encouraging with its sales per site are the top end of the range for the sector, while like-for-like (LFL) reservations are ahead of last year.

House builder Redrow said sales activity this year has been encouraging with its sales per site are the top end of the range for the sector, while like-for-like (LFL) reservations are ahead of last year.

The volume of net private reservations for the 16 week period to April 20th was 843 homes, up 2% on a LFL basis. The average selling price of private reservations for the period was up 12% at £207,000, excluding sales in London, and up 20% at £223,000 including London. The value of the private net reservations for the period was £188m, up 14% on a LFL basis.

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