Bellway in the red after pain in North - Business - Evening Standard
       

Bellway in the red after pain in North

Builder Bellway today outlined a north-south divide in the housing market after crashing to losses of £36.6 million.

The losses for the 12 months to the end of July followed profits of £34.8 million a year earlier. House sales fell a third to 4380 and average prices £16,000 to £154,005.

Chief executive John Watson said the most pain came in the North while the South, particularly London, was more resilient.

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