The builder said it had almost accomplished its full-year sales target of 3,650 new homes in 2014 – a figure it predicts it will overtake by next month.
Bovis, which does not operate in
Despite the buoyant figures – first-half profits increased to £49.4m from £18.6m in the same period last year – a series of surveys this month have suggested that the housing market was beginning to cool, with one suggesting the momentum behind the
Ritchie said: "Rate rises may be seen as a positive for us. The reason I say that is because they will accompany a strong economy, good employment and strong consumer demand – as rate rises are there to control inflation. Our ambition is to have a market moving in line with inflation, as that is sustainable. Boom and bust is not good for our business."
He also argued that Bovis was not concerned by a potential change in government next year, despite
"I don't think it would be a polarity change that we may have had in previous generations," Ritchie said. "It may be more of an evolution rather than revolution. If [Labour] follow through with the stance they've taken in opposition, we would clearly have to adapt, but it wouldn't be a fundamental change for us."
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