August 8, 2018 / 6:36 AM / 4 months ago

UK's Bellway sees "more moderate" house price growth in year ahead

Aug 8 (Reuters) - British builder Bellway Plc on Wednesday said it sees “further, more moderate growth” in the average selling price for houses in the year ahead.

The company said it expects to post a 16 percent rise in revenue to 3 billion pounds ($3.88 billion) for the full year ending July 31, on higher sales and prices.

Bellway also said it expects substantial earnings growth for the full year.

$1 = 0.7730 pounds Reporting by Arathy S Nair in Bengaluru; Editing by Bernard Orr

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