UK builder Bellway reports record revenue as house prices climb

Construction firm forecasts bumper 2023 as housing boom defies rising interest rates and cost of living crisis

Bellway has reported a record year of sales as rising house prices offset increasing energy and building costs, and the housebuilder predicted a bumper 2023 despite higher interest rates and the cost of living crisis.

The company reported a 13% increase in revenues to a record 3.5bn and 10.5% growth in completions to a record 11,198 in the financial year to the end of July.