Pent up demand continues to boost Persimmon

Housebuilding giant Persimmon has told investors that sales in the current financial year are “well ahead” of 2019 and have returned to more normal levels when compared to a lockdown hit 2020.

In its trading update covering the period from 1 July to 8 November, Persimmon told shareholders that its average private new home sales reservation rate per site is around 16% ahead of 2019, and that the group expected to deliver an increase of around 10% in completions in 2021.

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