Barratt Developments PLC well on track for the full year

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.

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