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UK house prices increased by 5.7% in the year 2015

Main points :  UK house prices increased by 5.7% in the year to June 2015, up from 5.6% in the year to May 2015.  • House price annual inflation was 6.1% in England, 0.8% in Wales, 9.0% in Northern Ireland and -0.6% in Scotland. • Annual house price increases in England were driven by an annual increase in the East (9.2%) and the South East (7.7%).  • Excluding London and the South East, UK house prices increased by 5.2% in the 12 months to June 2015.  • On a seasonally adjusted basis, average house prices increased by 0.4% between May and June 2015.  • In June 2015, prices paid by first-time buyers were 5.1% higher on average than in June 2014. For owner-occupiers (existing owners), prices increased by 6.0% for the same period.  House price index by region The pace of annual house price growth picked up in 6 of the 9 English regions in June 2015  (Figure 5).  The largest annual increase was in the East at 9.2% (the same as in t...

New Homes House builder Bovis Homes, continues its growth strategy

BOVIS HOMES GROUP PLC RESULTS FOR THE HALF YEAR ENDED 30 JUNE 2015 Strong financial performance and dividend growth reflect successful delivery of strategy Bovis Homes Group PLC today announces its half year results for the six months ended 30 June 2015. Financial and operational highlights for H1 2015 H1 2015 H1 2014 Change Revenue £350.7m £322.1m +9% Operating profit £54.3m £51.2m +6% Net profit * £56.0m £51.3m +9% Net profit margin 16.0% 15.9% +0.1ppts Profit before tax £53.8m £49.4m +9% Basic earnings per share 32.1p 28.8p +11% Dividend per share 13.7p 12.0p +14% Return on capital employed ** 15.6% 13.4% +2.2ppts Net debt £58.8m £45.3m * Net profit is operating profit plus Group share of joint venture profits **Return on capital employed ("ROCE") is net profit for 12 months to 30 June divided by average of actual opening and closing invested capital Record n...