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Barratt sells out across Scotland at 'several' sites


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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Barratt hails £1bn forward sales hike amid 'booming' UK market


PREMIUM
The group announced it would repay a further £3.5m of rates relief on its show homes and sales offices due to strong trading. Picture: Getty Images
BARRATT Developments said forward sales were almost £1 billion up on last year as it “modestly” hiked its outlook amid a booming property market and a strong start to 2021.
The housebuilder said it is set to complete more homes this year than first predicted, at between 16,000 and 16,250, with a further 650 joint venture completions.
It comes after the housing market roared ahead in recent months due largely to the stamp duty holiday, which was extended to the end of June south of the Border, and the equivalent in Scotland as well as changing demand due to the pandemic. ....

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