Persimmon reports jump in sales

Housebuilder Persimmon has posted a jump in sales for the first half of the year, boosted by a pick-up in consumer confidence following the General Election. 

 

Legal completions increased by seven per cent to 6,855 new homes, while total revenue surged by 12 per cent to £1.34bn in the six months to 30 June.

 

Persimmon said “confidence has improved” since the 7 May vote while increased competition in the mortgage, falling levels of unemployment and some “welcome improvement” in disposable income also contributed to growth.