House-builder Persimmon reports that its total completions were up 12% in 2025 to 11,905 homes (2024: 10,664), ahead of market expectations. Private home completions were up 8% to 9,830 (2024: 9,075) with 2,075 partnership homes delivered in the year (2024: 1,589).
The private average selling price was up 5% at 拢301,000 (2024:聽拢287,162), while partnerships average selling price increased by 4% to 拢168,000 (2024:聽拢161,916).
This momentum is not expected to gather any speed in 2026, with completions not expected to be much more than 12,000 units this year
Chief executive Dean Finch said: 鈥淧ersimmon performed well during 2025, in a challenging market. The investment made in the business over recent years and our self-help strategy has positioned us well. We continue to develop an excellent pipeline of land opportunities that will underpin continued outlet and volume growth in the coming years.
鈥淲e entered 2026 with a robust order book. While we are not expecting any material improvement in market conditions this year, early indications from our Boxing Day marketing campaign are encouraging. Recent reductions in mortgage rates are helpful for our private customers although we remain mindful of continued affordability constraints. In addition, fewer bulk sales in the order book, and continued challenges in the registered provider market, are likely to slow our growth in these markets in 2026.
鈥淎t this stage, we expect underlying build cost inflation to be similar to 2025 and we remain in a strong position to manage costs given our unique level of vertical integration. We are conscious of additional regulatory costs, and we will continue to look to mitigate these where possible. For example, landfill tax charges will double from April 2026 with further annual increases thereafter. We welcome government changes to the planning system, although these will take time to fully take effect. Assuming trading conditions remain stable, we are on track to achieve current market expectations for 2026.鈥�
Persimmon鈥檚 final results for the year ended 31st December 2025 are scheduled to be released on 10th March 2026.
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