Barratt?s forwards sales down 64% - Finance & Money Forums

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Barratt?s forwards sales down 64%

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02-26-2009, 02:01 PM

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Barratt?s forwards sales down 64%

Property developer Barratt Homes has followed rival Redrow in reporting a substantial loss for 2008. The company blames falling property prices, a shortage of mortgage funding and writedowns on the value of its land bank for a pre-tax loss of £592.4 million, compared with a profit of £192.4 million in 2007. The group’s average selling price for [...]

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