Bellway starts to buy land again as sales improve

BELLWAY has “cautiously” resumed land buying, encouraged by the improved sales market, the housebuilder said today.

It paused deals with lockdown, shutting construction sites and sales offices in March, hurting revenues.

But it has benefited from a recent stamp duty holiday and Help to Buy extension. Bellway boss Jason Honeyman said these measures were “critical in helping people come back to the market”. He added: “We have started to see the market pick up again with private reservations in July not far behind last year.”