{"id":146903,"date":"2024-09-04T16:06:52","date_gmt":"2024-09-04T09:06:52","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/barratt-profits-plunge-75-as-number-of-houses-built-slumps\/"},"modified":"2024-09-04T19:36:25","modified_gmt":"2024-09-04T12:36:25","slug":"barratt-profits-plunge-75-as-number-of-houses-built-slumps","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/barratt-profits-plunge-75-as-number-of-houses-built-slumps\/","title":{"rendered":"Barratt profits plunge 75% as number of houses built slumps"},"content":{"rendered":"


\nCost 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 tough for the housebuilding industry and potential buyers, as cost of living pressures, much higher mortgage rates and weak consumer confidence weighed on the housing market. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Barratt profits plunge 75% as number of houses built slumps<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Cost of living crisis, higher mortgage rates and weak consumer confidence weigh on housing market...<\/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-146903","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-Cdp","jetpack-related-posts":[{"id":138299,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/profits-at-uk-homebuilder-barratt-drop-by-half-as-buyer-demand-slumps\/","url_meta":{"origin":146903,"position":0},"title":"Profits at UK homebuilder Barratt drop by half as buyer demand slumps","date":"July 13, 2023","format":false,"excerpt":"\r Soaring 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60556,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/barratt-to-build-more-houses-as-profits-move-higher\/","url_meta":{"origin":146903,"position":1},"title":"Barratt to build more houses as profits move higher","date":"July 12, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Barratt to build more houses as profits move higher","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":146903,"position":2},"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 News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134429,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/grounds-for-optimism-in-uk-housing-market-says-barratt\/","url_meta":{"origin":146903,"position":3},"title":"Grounds for optimism in UK housing market, says Barratt","date":"February 8, 2023","format":false,"excerpt":"\r Housebuilder reports \u2018modest uplift\u2019 in reservations of new homes in January but remains cautiousBritain\u2019s largest housebuilder, Barratt Developments, has reported grounds for optimism in the UK housing market after an increase in sales in January \u2013 but it said the trading outlook for 2023 remains \u201cuncertain\u201d.Barratt has seen a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120822,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/barratt-expects-profit-of-more-than-800m-amid-housing-market-boom\/","url_meta":{"origin":146903,"position":4},"title":"Barratt expects profit of more than \u00a3800m amid housing market boom","date":"July 14, 2021","format":false,"excerpt":"\r Housebuilder also benefits from rush to complete purchases before end of stamp duty holidayCoronavirus \u2013 latest updatesSee all our coronavirus coverageBarratt Developments, Britain\u2019s biggest housebuilder, has forecast it will make more than \u00a3800m in annual pre-tax profits, as it benefits from the housing market boom and buyers\u2019 rush to\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":146903,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/146903"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=146903"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/146903\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=146903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=146903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=146903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}