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The Latest Breaking News from Barratt

Barratt warns of ‘uncertain’ year as buyers struggle with mortgages

UK housebuilder’s sales also dented by absence of government’s help-to-buy scheme

The Guardian - UK

Barratt warns of 'uncertain' outlook as challenging mortgage market persists

“The trading environment remains difficult, with potential homebuyers still facing mortgage challenges,” its CEO said

Evening Standard

Housing industry faces difficult months ahead amid weak demand, says Barratt

Housebuilder reports £705m profits but ‘mortgage affordability challenges’ affect purchases

The Guardian - UK

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Barratt sees homes order book value falls as conditions set to remain tough

The chief executive of Barratt Developments, Britain’s largest housebuilder, has called the UK planning system “ineffective” alongside revealing the value of the firm’s forward order book has dropped by over a third.

Evening Standard

House prices drop for Barratt Developments as rate hikes cause exodus of first time buyers

Average selling prices down 9% to £342, 900 and reservations from new mortgage holders down almost half

Evening Standard

Profits at UK homebuilder Barratt drop as buyer demand slumps

Soaring interest rates and end of help-to-buy scheme blamed for driving away first-time buyers

The Guardian - UK

The new Beeston housing estate where 'there are many reasons' to live

According to residents the area has a ‘friendly’ community where everyone knows each other.

Nottingham Post

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Barratt Group signs deal with Pod Point to put EV chargers into its new homes

Previous deals between the two firms have seen EV chargers put into more than 3,000 Barratt properties

Birmingham Post

'Insulting': Anger at 'pathetic' Gaelic mistakes in Highland street signs

LOCALS have raised concerns about the “frankly insulting” street signs which have been put up in a new Scottish housing development ...

The National (Scotland)

UK growth forecast upgraded by IMF; Bank of England governor says ‘big lessons to learn’ after inflation shock – as it happened

New IMF report shows “a big upgrade to the UK’s growth forecast” says Jeremy Hunt, with UK expected to grow by 0.4% this year not shrink by 0.3%

The Guardian - UK

John Allan to stand down as Barratt chairman early

Barratt wants to 'prevent the ongoing impact of the allegations against John from becoming disruptive to the company'

Birmingham Post

John Allan to step down as Barratt chair amid ‘disruptive’ allegations

Former CBI president and outgoing Tesco chair denies all but one of the claims as housebuilder says it has received no complaints

The Guardian - UK

Cladding crisis: south London flats could be demolished and rebuilt after serious safety flaws revealed

When the Croydon block’s cladding was removed, it became clear that the concrete frame was failing and the building was at risk of collapse

Evening Standard

Barratt boss says upturn in homes market could be round the corner

Number of homes being reserved by buyers continues to bounce back after struggling at the end of 2022

Birmingham Post

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Evening Standard

Barratt points to signs of recovery in UK housing market, with profits on track to hit forecasts

Barratt Developments has said sales have picked up and it will meet City profit expectations, with the UK’s largest housebuilder adding to signs of a recovery in the residential market.

Daily Record

Paisley protesters eye up court battle as more than 600 homes planned for Dykebar

Bellway Homes, Cala Homes and Barratt Homes were formally granted permission for their proposed Thornly Park village by the Scottish Government Reporter.

Evening Standard

TfL picks Barratt as partner on large new housing development in Acton

Barratt London will work with TfL to bring forward a site by Bollo Lane in Acton where up to 900 new homes are planned

Daily Record

Two luxury homes earmarked for demolition and rebuild over 'failed foundations'

Housebuilders said work necessary due to the “rare circumstances of failed foundations” adding that they are working with the homeowners concerned.

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Birmingham Post

Barratt creating 170 East Midlands jobs at new £45m timber frame factory

Last year Barratt built more than 3,700 of its 18,000 homes using timber frames

Birmingham Post

Persimmon forecasts big drop in housebuilding in 'uncertain' market

The York-based firm has reported revenues of £3.8bn in 2022

Daily Mirror

Family at 'breaking point' as autistic son 'caught in middle of row' over garden

Anthony Dixon's four-year-old son Jay is autistic and needs to use his outdoor sensory equipment daily but has accused Barratt Homes of failing to help with ongoing flood issues in the garden

The Guardian - UK

UK house sales outlook for 2023 remains ‘uncertain’, says Barratt

Housebuilder reports ‘modest uplift’ in reservations of new homes in January but remains cautious

Birmingham Post

Britain’s biggest homebuilder hoping better mortgage deals could stimulate UK housing market

The average selling price of a Barratt home was up 13.6 per cent to £372,000 in the second half of 2022

Evening Standard

Barratt observes “early signs of improvement” in trading as home reservation levels rise

The UK’s largest housebuilder saw some early signs of improvement in trading during January 2023

The Guardian - UK

FTSE 100 index hits record high; CMA deals blow to Microsoft’s Activision takeover – business live

Blue-chip share index climbs on hopes that inflation has peaked, while Turkey’s stock market halts trading after main index drops 7%

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