Completions at Barratt drop by one third

By Joey Gardiner2020-07-06T10:03:00

Source: Shutterstock

Housebuilder adds it is facing £70m bill to cover cost of repairing concrete frames including Citiscape scheme in Croydon

Sales income at the UK’s largest housebuilder Barratt has slumped by nearly 30% in the wake of the covid-19 pandemic, the firm revealed in a year-end trading update this morning.

The firm issued a call for the government to extend the existing Help to Buy scheme as it said the number of houses it sold in the year to June 30 fell by 30% from 17,856 recorded in 2019, to just 12,604 this year.

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