Housebuilder Persimmon increased revenues by 9% to £3.4 billion last year amid healthy demand in the housing sector.

The company, which has 10 developments in Kent with homes for sale or soon for sale, completed on 872 more properties in 2017 than the previous year, making a total of 16,043.

Its average selling price grew by 3% to £213,300, it revealed in a trading update to shareholders.

It said it “made a significant contribution to increasing UK housing supply”, building 80,726 new homes since 2012, increasing annual production by 70%.

Bosses predicted pre-tax profits will be “modestly ahead” of market expectations.

Persimmon, which is the UK’s second largest housebuilder, added: “We remain mindful of market risks including those associated with the uncertainty arising from the UK leaving the EU.

“However, we are keen to deliver further improvement in our housing output and remain ready to invest wherever the local planning environment is supportive.”

Its developments in Kent are at Parklands in Maidstone, Orchard Grove in Coxheath, Downs View in Swanley, Saxons Chase in Headcorn, Colonial Wharf in Chatham, Watling Place in Newington, Manor Park in Ashford, Sandpipers in Minster on Sheppey, Aylesham and Timperley Place in Deal.