Persimmon said high interest rates ‘still present a barrier to many customers’

Persimmon has reported a double-digit rise in operating profit on increased construction volumes, despite ongoing affordability pressures .

The housebuilder told markets this morning that private completions rose seven per cent to 3,987 homes, while total completions rose four per cent to 4,605.

It is on track for completions of 11,000-11,500 homes for the full year.

Underlying operating profit rose 13 per cent to £172m, while underlying profit before tax rose 11 per cent to £164.9m.

Persimmon’s current private forward order book is up 11 per cent to £1.25bn at a private average sales price of £292,800, up 1.3 per cent on the prior year.

Dean Finch, Group Chief Executive, said: “I am pleased that we ha

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