Tag: Barratt

Bovis Homes optimistic as it resumes dividend

Bovis Homes optimistic as it resumes dividend

Housebuilder Bovis Homes has today issued a positive trading statement after saying it expects profits to be ahead of expectations for the 2010 year. The company, which is one of the smaller listed housebuilders, said it will also start paying dividends again to shareholders. Many housebuilders took a battering during the housing market slump and [...]

January 14, 2011 More
Barratt reports fall in completions

Barratt reports fall in completions

Housebuilder Barratt Developments has issued its first half trading update, delivering a mixed picture. The firm, which is one of the largest housebuilders by volume, said completions fell to 4,832 units from 5,053 in the first half, as private completions dropped. Revenues were unchanged at £875 million but its operating margin grew to 5% from [...]

January 12, 2011 More
Barratt hit as buyer demand continues to weaken

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 [...]

November 17, 2010 More
Barratt reports rise in forward sales

Barratt reports rise in forward sales

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 [...]

May 14, 2010 More
Barratt and Redrow upbeat on all but mortgage finance

Barratt and Redrow upbeat on all but mortgage finance

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 [...]

July 10, 2009 More
Barratt reports rise in  private sales and reservations

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% [...]

May 13, 2009 More
Barratt’s forwards sales down 64%

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 [...]

February 26, 2009 More
Barratt offers 43% discount on new homes

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 [...]

October 2, 2008 More
Barratt tempts buyers as profits slide

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 [...]

September 11, 2008 More