Retirement house builder McCarthy & Stone has said sales have slowed recently because of uncertainties following the general election.

In a trading update, the firm said: 鈥淯nderlying trading conditions remained stable during the period with some slowing of sales momentum experienced in recent weeks due to the uncertainty created by the general election.鈥�

Its trading statement covers the period between March 1 and July 4.

But it added: 鈥淭he Group continues to capitalise on the attractive demographic opportunity presented by a rapidly ageing population, the structural shortage of suitable housing options for older people and its leading position as the UK鈥檚 largest and only national retirement housebuilder.鈥�

The house builder said average selling prices have exceeded 拢280,000 during the period 鈥� up from 拢265,000 for the same period last year 鈥� while it said total forward sales including legal completions to date were in line with the prior year at 拢659m which it said 鈥渞epresented a significant improvement since the start of the financial year鈥�.

McCarthy & Stone said it will release another trading statement for the full year ending August 31 on September 6.

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