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30th of December 2010
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News Tag: Barratt

November 17, 2010

Barratt hit as buyer demand continues to weaken

by Kay Murchie
Barratt hit as buyer demand continues to weaken
Barratt Developments is the latest housebuilder to report a slowdown in the housing market as buyer demand continues to fall. The group’s chief executive, Mark Clare, said the traditional autumn period has been “weaker than anticipated”. Government spending cuts, and the uncertainty surrounding the economy, have also had a major impact as buyers adopt a “wait and see” approach. Barratt, which is ...




May 14, 2010

Barratt reports rise in forward sales

by Gill Montia
”Barratt
Barratt Developments has reported a 14% increase in private reservations for the period 1st January to 9th May 2010, compared with the previous six months. In addition, overall forward sales rose 32% on a year earlier, to £1.07 billion. In the first half of 2010, the average selling price of a Barratt home is on track to increase by around 15% on the ...




July 10, 2009

Barratt and Redrow upbeat on all but mortgage finance

by Gill Montia
”Barratt
Two of the UK's best known house builders have reported signs of improvement in the property market. Barratt Developments experienced an 11.9% rise in visitor numbers during the six months to the end of June (compared to the previous six months) and private sales reservations rose an encouraging 18.6%, on a weekly basis. Meanwhile, Redrow achieved a 22% rise in ...




May 13, 2009

Barratt reports rise in private sales and reservations

by Gill Montia
Barratt reports rise in private sales and reservations
In a trading update covering the 19 weeks to 10th May, Barratt Developments has reported that visitor and reservation rates have risen as the Spring selling season gets underway. Cancellation rates averaged approximately 16% for the period, compared to 25.7% a year earlier. Visitor levels per site for the 19 week period were down 6% compared to a year earlier, although ...




February 26, 2009

Barratt’s forwards sales down 64%

by Gill Montia
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 a home declined to £160,700 last year, ...




October 2, 2008

Barratt offers 43% discount on new homes

by Gill Montia
Barratt offers 43% discount on new homes
Barratt Developments is less than optimistic about the future direction of UK property prices. According to reports in The Telegraph and Daily Mail, the housebuilder is offering a huge discount to property investors who are prepared to buy five or more flats or houses from its Yorkshire East division. This week, Nationwide reported that UK house prices fell by 12.4% in the ...




September 11, 2008

Barratt tempts buyers as profits slide

by Gill Montia
Barratt tempts buyers as profits slide
Housebuilder Barratt Developments has announced a range of sales incentives. The company's pre-tax profit fell by 68% in the six months to the end of June as unsold stock languished on its books. In an effort to tackle the lack of confidence in the property market that is keeping its showroom carpets pristine, the builder is offering to pay stamp duty on houses ...