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24Sep92 UK: ECONOMIC DOUBTS TAKE TOLL ON HOUSE SALES.

Economic uncertainty has depressed house sales in September, Midland-based house builder Bryant Group, said last week.Chairman Chris Bryant said the market remained 'extremely competitive' and blamed stock over-hang in the industry, repossessions and competition from the secondhand market.However, the company unveiled a strong recovery in pre-tax profits to £20.3 million for the year ended May (1991: £10.3 million). The result followed provisions of £3 million against falling property values and £2 million on its land bank.Bryant also increased its unit sales by 25 per cent, including completions, to 2,330 although the firm's average selling price fell by 4 per cent to £86,000. Housing profits climbed to £15.6 million from £9 million last time.Construction profits climbed to £4.6 million from £2.6 million last time thanks partly to 'stringent cost control' on a turnover of £100.5 million.Property profits slumped to £1.2 million from £4 million, on sales of £24 million.