Shares in housebuilder Bellway (LON:BWY) rose on Wednesday, after reporting a larger-than-expected growth in home sales for the 2017 fiscal year.

According to the group, a “robust” property market added 10 percent growth to their home sales over the year. For the four months to June demand remained strong, with a 13 percent increase in reservation rates.

Looking forward Bellway expect trading to remain strong, despite uncertainty in the wake of the general election and heading into Brexit negotiations. Chief executive Ted Ayres said:

“Robust market conditions, together with a clear operational focus, is enabling Bellway to continue increasing its contribution to the supply of much-needed new homes.

“We have made a significant investment in land and work in progress over a number of years and this, together with a strong balance sheet and substantial operational capacity for expansion, should ensure that Bellway is well positioned to deliver further volume growth, this year and beyond.”

The average price for its homes remained at £260,000 and the value of its forward order book of homes stands at £900 million, up from £846 million in the same period last year.

Bellway shares are currently trading up 4.07 percent at 2,966.00 (0941GMT).