Upmarket housebuilder Cala yesterday said it is on course to deliver another record year of revenue and profit growth.
After several years of stable volumes, the company said the full year to June 2015 represents the first year of significant volume increase.
Cala has reached sales of 90% with four months of the year still to go.
Chief executive Alan Brown said: “After an encouraging first half, trading since the start of 2015 has been ahead of expectations.”
The group has seen increased site visitor numbers alongside a significant increase in online inquiries as the improved availability of low mortgage rates, the strength of the UK economy and ongoing shortage of housing supply continue to boost demand.
He added: “The group has started the current year with strong momentum, and we are well placed to deliver our first year of significant volume uplift.”
Cala’s controlled land bank of over 13,400 plots has a potential gross development value of £5 billion.
