Bovis Homes has said that it has recorded its best performance since 1997 when the company was floated in the country.

Chief executive David Ritchie said that the demand for homes backed by a recovering economy as well as the Government’s Help to Buy scheme and easier mortgage lending conditions allowed the company record strong growth during the year so far. Bovis has already achieved 90 per cent of its targeted sales for the year in August.

Mr Ritchie said, “I can’t remember the last time Bovis was 90 per cent sold for the year at week 32 – certainly not since the float.”

Bovis said that it has recorded 1,712 private reservations in the 32 weeks till 9 August, 2013. This figure shows a growth of an impressive 43 per cent over the same period of the previous year. The company recorded a 19 per cent rise in pre-tax profits to £18.6 million during the first half of the year.

Experts have dismissed suggestions of a housing market bubble and said that package of measures to boost housing market is working towards increasing house building and housing supply in the country. UK’s largest house builders, who have always claimed that the lack of mortgage availability has restricted recovery in the property market, have backed the claims by the government.