News Tag: Barratt Developments
January 15, 2010
A leading UK house builder has announced that its selling prices have risen by 4% to an average £167,000.
The trading update from Barratt Developments also revealed that net private reservations increased 8.9% over the past six months.
The group's forward sales surged 43% to £651.2 million, while first-half completions were in-line with expectations, at 5,028, comprising 4,381 private completions and ...
Barratt reports 4% rise in selling prices
by Gill Montia
November 19, 2009
Barratt Developments is to focus on building houses rather than apartments, in response to lenders' preferences.
The group's chief executive, Mark Clare, says the company will build what it knows it can sell and in the case of apartments, lenders are making life difficult for mortgage borrowers by asking for deposits of 25%.
The oversupply of new-build apartments in the UK's ...
Barratt shelves apartments as lenders prefer houses
by Gill Montia
