Builders Berkeley Group have reported reservations up 25% year on year between November 2010 and February 2011.
The increase in reservations is due to the higher number of sites for sale.
Forward sales exceed £800m, and the firm has bought 1,000 plots on eight new sites in the three months to February, bringing its total to 3,500 plots on 21 sites.
The most ambitious site is at Kings Cross in London where there are plans for 750 homes, a 337-bed hotel, 601 student bedrooms and 100,000 sq ft of commercial space.
Comments
local agent: "if you buy 50% more sites its easy to get 25% more sales.
Actually, no it isn't.
Personally I wouldn't buy any shares in Berkeley or other British builders at the moment with all the house price falls on the way.
if you buy 50% more sites its easy to get 25% more sales.
ONS reports that the snow knocked 0.5% off GDP because no-one went out and spent money and construction work ground to a halt but Berkeley reservations are up 25% over a similar period.
We should put Berkely's in charge of the economy.