Barratt's forward sales hit record levels

By Hamish Champ2018-05-10T11:32:00

Housebuilder says increase reflects strong trading and mortgage availability

Forward sales at Barratt Developments have hit a record £3.3bn in the first five months of 2018, with results for the group’s year ending 30 June 2018 expected to meet its forecasts.

In an update the UK’s largest housebuilder said trading had been strong across the UK, fuelled by good customer demand and what it called “an attractive lending environment”.

Expecting to spend around £1.1bn on land in the current year, Barratt said it expected to buy more than 20,000 plots in the current year, up 8% on 2017.

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