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Thu June 17 2021

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Housing market 'best for five years'

9 May 13 Housebuilder Barratt Developments has described the current housing market as “the most positive we have seen for five years”.

Consumer demand and mortgage supply were both better than at any time since the crash, the company said, in an upbeat tarding statement.

In the first four months of 2013 Barratt has seen a 9.7% increase in net private reservations to 0.68 (2012: 0.62) per week per active site.

Since the announcement of the government’s Help to Buy scheme there has been an 18% lift, year-on-year, in net private reservations per week per active site to 0.72 (2012: 0.61).

Private forward sales (excluding joint ventures) up 28% as at 5 May 2013 to £1,013.5m (6 May 2012: £788.6m)

Barratt said that it intends to recruit around 600 graduates and apprentices over the next three years.

Group chief executive Mark Clare said: “Our improved performance is being underpinned by stronger market conditions and the operational changes we have made to every aspect of our business.  Help to Buy has seen a strong start and we are investing in land and bringing it through planning to meet increasing consumer demand.”

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MPU

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