Housebuilder Bellway says it has seen a record number of new homes being completed as the housing market defied wider economic conditions to remain strong.
The Newcastle-based company has issued a trading update for the six months to the end of January in which its overall reservation rate rose 5.8% and it completed 5,694 new homes.
The average selling price of its homes rose 2.8% and is expected to be above £300,000 for its full financial year, it said.
