{"id":138299,"date":"2023-07-13T15:28:46","date_gmt":"2023-07-13T08:28:46","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/profits-at-uk-homebuilder-barratt-drop-by-half-as-buyer-demand-slumps\/"},"modified":"2023-07-13T15:43:29","modified_gmt":"2023-07-13T08:43:29","slug":"profits-at-uk-homebuilder-barratt-drop-by-half-as-buyer-demand-slumps","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/profits-at-uk-homebuilder-barratt-drop-by-half-as-buyer-demand-slumps\/","title":{"rendered":"Profits at UK homebuilder Barratt drop by half as buyer demand slumps"},"content":{"rendered":"


\nSoaring interest rates and end of help-to-buy scheme blamed for driving away first-time buyersBritain\u2019s 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…
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\nSource : theguardian.com
\nRead more…Profits at UK homebuilder Barratt drop by half as buyer demand slumps<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Soaring interest rates and end of help-to-buy scheme blamed for driving away first-time buyersBritain\u2019s largest...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-138299","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-zYD","jetpack-related-posts":[{"id":146903,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/barratt-profits-plunge-75-as-number-of-houses-built-slumps\/","url_meta":{"origin":138299,"position":0},"title":"Barratt profits plunge 75% as number of houses built slumps","date":"September 4, 2024","format":false,"excerpt":"\r Cost of living crisis, higher mortgage rates and weak consumer confidence weigh on housing market in past yearBarratt Developments has suffered a 75% drop in annual profit and a double-digit decline in home completions after a \u201cchallenging\u201d year for Britain\u2019s biggest housebuilder.The company said the past year had proved\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121792,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/barratt-profits-soar-as-housing-market-rebounds\/","url_meta":{"origin":138299,"position":1},"title":"Barratt profits soar as housing market rebounds","date":"September 2, 2021","format":false,"excerpt":"\r UK housebuilder cautioned demand is beginning to dip\r \r Source : ft.com\r Read more...Barratt profits soar as housing market rebounds","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5710,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/barratt-homes-profits-rise-40\/","url_meta":{"origin":138299,"position":2},"title":"Barratt Homes profits rise 40%","date":"February 24, 2016","format":false,"excerpt":"\r Almost a third of sales were made under the government\u2019s help-to-buy programmeBarratt Homes predicted continuing demand for its houses as it announced soaring first-half profits, fuelled by a shortage of homes and the government\u2019s help-to-buy scheme.Pre-tax profits at Britain\u2019s biggest housebuilder rose 40% to \u00a3295m in the six months\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25335,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/barratt-homes-demand-rises-post-brexit\/","url_meta":{"origin":138299,"position":3},"title":"Barratt homes demand rises post-Brexit","date":"September 7, 2016","format":false,"excerpt":"\r UK housebuilder\u2019s record results aided by government\u2019s Help to Buy scheme\r \r Source : ft.com\r Read more...Barratt homes demand rises post-Brexit","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25319,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/demand-for-barratt-homes-not-dented-by-brexit\/","url_meta":{"origin":138299,"position":4},"title":"Demand for Barratt homes not dented by Brexit","date":"September 7, 2016","format":false,"excerpt":"\r Record results from UK\u2019s largest housebuilder supported by government\u2019s Help to Buy scheme\r \r Source : ft.com\r Read more...Demand for Barratt homes not dented by Brexit","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138307,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-crash-is-unlikely-but-the-fall-in-uk-home-prices-has-a-long-way-to-go-nils-pratley\/","url_meta":{"origin":138299,"position":5},"title":"A crash is unlikely, but the fall in UK home prices has a long way to go | Nils Pratley","date":"July 13, 2023","format":false,"excerpt":"\r First-time buyers face higher mortgage rates, and surging rents and bills prevent saving for deposits \u2013 no wonder there\u2019s a big slowdown Inquiries by would-be buyers of homes hit an eight-month low last month, according to the Royal Institution of Chartered Surveyors, which talked about \u201ca renewed deterioration in\u2026","rel":"","context":"In "Property 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