The buoyant market it experienced in January and February has now been replaced by more steady and consistent levels of demand with housing turnover up 5 per cent to £238.9 million from £226.8 million, the company said. The falloff in demand it experienced in the run up to the General Election has yet to be fully restored.
Commercial sales rocketed by 16 per cent to £43.5 million up from £37.5 million at the same stage in 2004, reaping the rewards of a number of contracts it picked up in 2004 including Bristol Harbourside, Park Central in Birmingham and Riverside in Hemel Hempstead.
Crest Nicholson chief executive John Callcutt said: 'We expect the housing market to continue to be challenging in the short term. However, the quality of our land bank, combined with the strength of our affordable and mixed-use commercial businesses, gives us confidence that we will make further progress in 2005.'