Slower on site for Prowting

By THIS IS MONEY
Updated:

 

SITE visits and reservations at housebuilder Prowting have fallen by 20% since 11 September, prompting the group to launch a series of initiatives to rebuild confidence.

In the six months to August, group pre-tax profits rose 10% to £13.1m. Turnover grew 15% to £117.9m. The interim dividend is up 9% to 3p.

In spite of the gloom, house prices are still rising. The average price of a Prowting home at the end of August was £154,000. By next February it will be £175,000, chief executive Steve Rosier predicts.

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