Housebuilder Cala Group has forecast record profits with gross margins set to rise by 19 per cent.
Private completions at the Henley-in-Arden firm are up four per cent for the year with private reservations up 10 per cent, aided by improvements in market confidence thanks to Help to Buy and Funding for Lending, it said in a trading update.
Alan Brown, chief executive of Cala Group, said there was a strong platform to grow the business.
He said: “The group has continued to trade ahead of management’s expectations. We continue to benefit from being the UK’s most upmarket major home builder, having the highest average selling price outside London of any housebuilder in the top 20 by volume.”
Since the start of the year, the company has seen increased buyer confidence. Reservations have exceeded expectations and outperformed 2012.
