Soaring interest rates and end of help-to-buy scheme blamed for driving away first-time buyersBritain’s largest housebuilder, Barratt Developments, suffered a 56% drop in annual profits after a significant slump in demand, as the surge in interest rates and the end of the help-to-buy scheme drove away first-time buyers.Demand from would-be homeowners fell by 49% in the year to June, which dragged on overall sales and accounted for half of the total decline in its home reservations. Continue reading…
Source : theguardian.com
Read more…Profits at UK homebuilder Barratt drop by half as buyer demand slumps















