The CEO of U.K. housebuilder Bovis Homes has told CNBC the company saw a significant impact from rising house prices as it reported a profit hike of almost 50 percent.
The firm proposed a 2013 final dividend payment of 9.5 pence per share, bringing the total dividend for the year to 13.5 pence per share, an increase of 50 percent from last year.
Bovis's full-year profit before tax rose to 48 percent to £78.8 million ($131.1 million),at the upper end of analyst expectations as U.K. house prices – and those in London in particular - surged past their pre-financial crisis peak.
(Read more: Bubble alert? UK house prices rise to 6-year record)