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Chief executive David Ritchie told Reuters that "activity has to increase before we can start to think about the housing market in general becoming a more stable place", a comment that may interest those trading in property-related shares on the stock exchange.
He warned that prices could decline again in the second half of the year after stabilising in recent months, noting that "uncertainty over unemployment" means there is a potential for further falls.
The housebuilder saw a 92 per cent increase in net private reservations in the six months to the end of June when compared to the same period in 2008, with 901 homes being retained by customers.
Earlier this week, Persimmon revealed that it completed 4,006 property sales in the six month to June 30th, an increase on the figure recorded during the first half of last year.
