In spite of releasing few realistic half year numbers, house builder Persimmon expresses that it the outlook seems to be still cautious and analysts predicts that the investors must keep a clear vision about the sector for the moment.

As per the company the legal completions for the coming six months by the end of the month of June had stroked up by 16% that defines that the average selling price had moved up with an 8% rise to £168,500 with turnover climbing up 26%.

But the group also admitted that it had witnessed the normal seasonal slowdown in the private sale uncertainties since the month of early May that embellished by the election and the emergency budget.

And the budget sales seem to have been in line with expectations.

And till the time the mortgage availability improves, it express that it shall remain cautious regarding the investment decisions. With regards to Alastair Stewart of Investec these comments resonance that what the rivals were pitching on.

Further the group expressed that it had experienced the normal seasonal slowdown in private reservations, but they expects that by this year it may be more distinct provided that the outlook for the economy, the public sector and bank lending.