Reporting lower debts and a rise in prices of residential properties, one of Britain's largest house-builders Taylor Wimpey has confirmed that trading for the company has definitely improved. The firm has revealed that it is completely sold for the current year. Since July this year, the company had been reporting a steadily improving trading performance.

As revealed by the company's official figures, the value of its present order book stands proud at 1 Billion Pounds, which might be lower than the 1.06 Billion Pounds reported last year, but is certainly a good news during the current times of a weak economy. Furthermore, net debt for the firm has slipped from 1.87 Billion Pounds reported last year to 860 Million.

The month of October saw rise in house prices after a long wait of 19 months. Average selling price for residential properties, confirmed Taylor Wimpey, is 9% more than completions in the first half.

House prices, and demand for private homes, is expected to go up even more as the economy shows first signs of improvement after a long financial crunch. On the back of this news, Taylor Wimpey is expecting to perform even better in the coming year.