Barratt Developments PLC well on track for the full year

January 13, 2017

Barratt Developments PLC yesterday 12th January issued a trading update in respect of the six months ended 31 December 2016  ahead of publication of its interim results on 22 February 2017.

They stated in the highlights that overall market conditions are healthy with strong demand in the period for new homes.

David Thomas, Chief Executive commented, “This has been another good half year for the Group. Consumer demand is strong benefiting from good mortgage availability and ongoing government support. Our healthy forward order book and this strong demand leaves us on track to deliver on our volume guidance for the full year.

“Barratt’s continued commitment to quality design, build and excellence in market-leading customer service is reflected in our strong performance and ensures we remain a housebuilder of choice. Our focus remains on maintaining good operational and financial performance, and delivering attractive shareholder returns. The fundamentals of the market are robust.”

Read the Barratt Developments PLC trading update in full click here

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Estate Agent Talk

Latest ONS first-time buyer mortgage sales report – Thoughts from the Industry

Following on from the ONS report where it shows first-time buyer mortgage sales at the lowest level since 2013. Here are some thoughts from the Industry. Toby Leek, President of NAEA Propertymark: “Many first-time buyers are being priced out of cities, especially throughout London where they have grown up or have a desire to nest…
Read More →
Breaking News

First-time buyer mortgage sales at lowest level since 2013

Fewer first-time buyers in England’s most urban areas While the rate of first-time buyer mortgage sales has been falling in London, they have risen in more rural areas. On average, rural areas in England and Wales saw rates of first-time buyer mortgages rise by 9.7% between 2013 and 2023, while urban areas saw a 3.7%…
Read More →
Breaking News

First-time buyer mortgage sales fell across London in decade to 2023

First-time mortgage buyers bought homes further from the capital compared to 10 years earlier, ONS analysis of Financial Conduct Authority data show. Several London boroughs saw some of the largest falls in the rate of first-time buyer mortgage sales in the UK between 2013 and 2023. This is according to ONS analysis of data from…
Read More →
Breaking News

How to Apply for Waopelzumoz088: A Step-by-Step Guide

Applying for what is Waopelzumoz088 might seem overwhelming at first, but don’t worry! This guide will break everything down into simple, easy-to-follow steps so you can complete the process smoothly and without stress. Whether you’re new to it or just need some extra help, we’ve got you covered. What is Waopelzumoz088? Before jumping into the…
Read More →
Letting Agent Talk

Creating a Comfortable Work Environment: The Best Air Conditioning Solutions for Your Employees

As a business owner, you know that providing a comfortable working environment is crucial for both employee well-being and productivity. One of the most effective ways to enhance the comfort of your workplace is by ensuring that the temperature is regulated. Air conditioning plays a significant role in this, especially during the warmer months when…
Read More →
Breaking News

First-time buyer purchases up 59% in race to complete ahead of stamp duty deadline

Missing stamp duty deadline to cost homebuyers £6,512 as mortgage demand surges in race for completion  Spending on mortgages and rent grew by 7.7.% in February, up 5.7 percentage points from January, according to the latest Barclays Property Insights report. The report has also discovered that homebuyers could be faced with additional costs of £6,512…
Read More →