Countryside Properties provides positive update

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Countryside Properties provides positive update
Master Investor Magazine

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FTSE 250 housebuilder Countryside Properties (LON:CSP) said that it’s on track to meet expectations for the year after completions rose by 43% over the six months ended 31st March. Average selling prices also climbed by 4%.

Group CEO Ian Sutcliffe commented: “Despite the wider political and macroeconomic uncertainty, demand for mixed-tenure homes remains strong and we have enjoyed a robust spring selling season. With our modular timber frame factory now operational, we continue to be well positioned to deliver on our geographic expansion. With excellent visibility of future work, we remain confident of delivering our medium-term growth plans“.

The price of Countryside Properties shares increased by 5.87% to 339p (as of 14:20 BST).

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