The London-listed residential property group, based in Newcastle, said that house prices have stabilised and sales have risen in the past four months. It added that it had sold homes worth a total of £169 million in the ten months to the end of July.

Grainger sold 625 properties in the period for £86m, at a margin of 35.5%, compared with 566 in the same period a year earlier for £101m, at a margin of 45%.

The Times, Daily Telegraph