Britain's second biggest housebuilder has revealed a
surge in annual profit after the government's Help to Buy scheme fuelled demand
for new homes and helped send mortgage approvals to their highest level in
almost 6½ years. Persimmon said underlying pre-tax profit jumped 49% to £330m
in the year to the end of December – near the top end of City forecasts. The
first few weeks of this year's crucial spring selling season went well, it
added. The company said sale completions rose by 16% to 11,528 and the average
selling price increased 4% to £181,861. Forward sales, which are agreed but not
completed, were up 41% to £1.4bn. Read more on the Guardian website.
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