LONDON Oct 18 British housebuilder Bellway
posted better than expected full-year profit on Tuesday
and said that demand for new homes has remained resilient since
Britons voted to leave the European Union.
Bellway, which builds about half of its homes in London and
the south of England, reported pretax profit up 41 percent to
498 million pounds ($620 million) in the year to July 31,
marginally ahead of forecasts in a Thomson Reuters poll of
"Notwithstanding the risks to the wider economy following
the result of the EU referendum, the ongoing demand for new
homes across the country is strong, supported by a low rate of
unemployment and good availability of affordable mortgage
finance," Bellway Chairman John Watson said on Tuesday.
($1 = 0.8042 pounds)
(Reporting by Costas Pitas; Editing by David Goodman)