Barratt Developments reports a 19% half-year profit

February 7, 2019

Barratt is the UK’s most well known and largest housebuilder and despite the ongoing concerns re Brexit and a down turn in the property market, it has reported a jump in half year profits of 19%.

The news is that the government’s ‘Help to Buy‘ incentive along with affordable finance packages for mortgages is what has caused the sustained demand causing a 7.2% rise in revenues to £2.1 billion in the six months to December 31st 2018, while pre-tax profits jumped 19.1% to £408 million.

Chief executive David Thomas was quoted as saying: “Whilst we continue to monitor market conditions closely, current trading is in line with our expectations and we are confident of delivering a good financial and operational performance in full year 2019.”

 

Full story can be read on the Insider website.

EAN Breaking News

Breaking News from the team at Estate Agent Networking. Have a new story to share with us? Then please get in contact today! When and where we can we will refer to third party websites with a 'live link back' where news was released first.

You May Also Enjoy

Commercial Agent Talk

3 Ways to Maximize Efficiency During a Construction Project

Managing a construction project requires serious juggling. You’re handling dangerous machinery, delegating jobs to multiple (sometimes dozens) of workers, and making sure everything you do fits into the approved budget. It’s not a job for someone who can’t work under pressure, but you do it well. Still, there’s always room to grow, and with the…
Read More →
Love or Hate Rightmove
Breaking News

Rightmove’s most viewed homes of the year 2024

New data from the UK’s biggest property website Rightmove reveals the most viewed homes of the year. Rightmove’s property expert, Tim Bannister, said: “From a luxurious former football manager’s residence to a historic Grade I listed Abbey, the most viewed homes of the year reflect the wide-ranging dreams of home-hunters this year across Great Britain. Whether…
Read More →
Breaking News

House prices and sales volume expected to grow in 2025 House prices and sales volume expected to grow in 2025 despite Budget headwinds

The housing market has returned to growth with house price growth now positive across all regions and countries of the UK The number of sales is expected to increase by five per cent over 2025 to 1.15m sales completions Strong growth in household incomes over the last 2 years (totalling 15 per cent to 2024…
Read More →
Breaking News

Rented Housing Database Needs To Deliver Meaningful Results Warn Landlords

PLANS for a database of private rented properties risk providing little help to tenants unless it includes meaningful information. The warning from the National Residential Landlords Association (NRLA) comes as the Renters’ Rights Bill sets out to establish a database of all private rented properties and landlords in England. Whilst ministers pledge that it will…
Read More →
Estate Agent Talk

Enduring Architectural Influence of Charles Barry

Sir Charles Barry (FRSA RA) (1795 – 1860) is perhaps one of the most revered British architects, and even won the Royal Gold Medal in 1850. But, how did his style come to be, and which buildings celebrate his architecture to this day? Let’s take a look. Barry’s Iconic Buildings The architecture of Charles Barry…
Read More →
Love or Hate Rightmove
Breaking News

First-time buyers rush to beat stamp duty deadline in higher-priced areas

New real-time analysis from Rightmove shows early signs of first-time buyers rushing to beat the stamp duty deadline on 1st April 2025 in higher-priced areas of England: In the Autumn Budget, it was confirmed that stamp duty thresholds in England would lower from 1st April, and the rate at which properties are exempt from stamp duty would…
Read More →