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New orders give Barratt some home comfort

Britain’s biggest housebuilder shrugged off the paralysis gripping the property market to record a healthy increase in advance orders for its new homes.

Fifteen weeks into its new financial year, Barratt Developments told investors at its annual meeting yesterday that its book of forward sales had risen by 12.4% against the same point last year to stand at nearly £3.15bn.

That equated to orders for 12,903 Barratt homes as of October 14, against bookings for 12,277 properties worth a total of £2.8bn this time last year.

Click here for the full Times article (£)

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