Persimmon Homes site
(Picture: PA Archive)Rising selling prices for new homes helped FTSE 100 developer Persimmon offset the impact of wider inflation on its business as profit fell in the first half of its financial year.
The average selling price for a new home built by Persimmon rose by £9,400 year-on-year, to almost £246,000 in the six months to June 30. Profits fell by 8% to £440 million. It said the rate of private sales fell 11% in the first seven weeks of the second half, compared with the previous year, when the end of Covid lockdowns sparked a sales bump.
