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HOUSEBUILDER Barratt Developments has said its profits will be above the top end of market expectations amid strong demand across the UK. The company’s full-year update shows a bullish stance even as the housing market cools following the ending of full stamp duty relief on June 30 south of the Border. A report from Halifax last week showed that house prices fell by 0.5 per cent in June - the first decline since January, indicating that the peak for buyer demand may have passed. While housebuilders have been optimistic over the outlook, with rivals such as Persimmon and Visry recently reporting continuing strong demand, some analysts have been less so.

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