Property News · September 2, 2021

Barratt’s profits surge amid strong demand for new homes


Profits at UK’s second-largest housebuilder rise by two-thirds amid property market boomBarratt Developments has said strong demand for houses across the country helped to boost annual profits by nearly two-thirds in its latest financial year, as it signalled continued strong demand for housing across the UK even as the government pulls back coronavirus pandemic support.Britain’s second-largest housebuilder by market value, reported profits before tax of £810m for the year to the end of June, compared with £490m in the previous year, and said a strong forward sales book was encouraging for the year ahead. Continue reading…

Source : theguardian.com
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