Barratt records 73% profits
House builders Barratt Developments has said their average selling price rose by £14,000 to £194,000 during the year to June, as they announced profits before tax up 73.7% to £192.3m.
Barratt: Housing recovery 'spreading beyond south east'
Barratt Developments chief executive Mark Clare said a housing recovery was not limited to London.
"We are seeing the housing market recovery starting to spread beyond London and the south east with a 29.4% increase in our average net private reservation rate across the Group," he said.
"Our £2.6 billion commitment to land investment since 2009 puts us in a good position to capitalise on these market trends."
More top news
-
Joe Biden vows to fight racial inequality with economic agenda
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
-
Trump reverts to promoting unproven drug as coronavirus treatment
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
-
What the papers say – July 29
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.