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By Bethany Wales Housebuilder Bellway’s revenue has dipped by more than £1bn as “challenging operating conditions” have continued to hit the group. The London-listed company, headquartered in Newcastle upon Tyne, brought in revenue of £2.3bn in the year ending July 30, 2024, down from just under £3.4bn in the 12 months before. Revenue fell as the number of homes built and sold during in the period dropped from 7,654 compared to 10,945 in the year prior. Its average selling price also declined from £310,306 to £308,000, although Bellway said this figure was “slightly ahead of guidance”. Despite…

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