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Bellway sees 'more moderate' house price growth in year ahead

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Bellway sees 'more moderate' house price growth in year ahead
A Bellway sign is seen at a housing construction site in London, Britain, February 5, 2017. REUTERS/Toby Melville   -   Copyright  Reuters Photographer(Reuters)
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(Reuters) – Builder Bellway Plc <BWY.L> on Wednesday said it sees “further, more moderate growth” in the average selling price for houses in the year ahead.

The company said it expects to post a 16 percent rise in revenue to 3 billion pounds for the full year ending July 31, on higher sales and prices.

Bellway also said it expects substantial earnings growth for the full year.

(Reporting by Arathy S Nair in Bengaluru; Editing by Bernard Orr)

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