UK’s housing market is showing positive trends as increase in sales and prices of all house builders have been reported. The UK’s housing market was hit hard by the financial crisis and recession during 2008 and 2009 but experts believe that it is revived now.
The second largest house builder of UK, Persimmon said that its sales reservations raised by 12% as compared to last year. The order book of the company stands at £1.14 billion at present. The firm has also revealed that this year, the cancellation rate was quit low. The underlying prices were stable and the company is expecting the average selling prices to show improvement.
The UK's third largest house builder, Taylor Wimpey, said that the company is performing as per the expectations and the order book stands at 5,681 homes. The figures are 21% higher as compared to the figures during the last year.
Rachael Waring, an Analyst at Panmure Gordon, said Persimmon has made a good start in its 2011 financial year. The group is operating well to deal with a wide with a range of market conditions.
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