Housebuilder Persimmon said it has sold more homes this year but warned that buyers were squeezed by still-high mortgage rates and rising household costs.
The York-based developer told investors that it completed the sale of 4,605 homes in the first half of 2025, 4% more than the same period last year.
The average sale price of a home jumped by 8% to about £284,000.
Persimmon’s current private forward order book is up 11% at £1.25bn.
Chief executive Dean Finch said he was “pleased that we have continued to grow in the first half of the year despite challenging market conditions and with affordability still an important constraint”.
Mortgage rates have come down but still remain high enough to be a “barrier” to potential buyers, while a raft of rising household costs have further weakened affordability for many, the builder cautioned.
Mr Finch also said: “While we are yet to see material benefits from the government’s planning reform, we remain encouraged that they will start to benefit planning approvals in time.”