HOUSEBUILDER Bellway sounded a note of optimism on the property market today as it returned to profit in the half-year.
The firm posted a pre-tax profit of £19 million for the six months to January 31, up from a £48.6 million loss the previous year when the housing slump meant it suffered large writedowns on the value of its land.
Bellway said it sold 2,247 homes in the half year, an increase of 11.6% on a year earlier.
Chairman Howard Dawe said: "Bellway is well placed to benefit from a housing market that should gradually improve over time."
