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Gloucestershire Business News

Rise in house sales for Barratt

Britain's biggest housebuilder Barratt Homes has reported a jump of nearly 17 per cent jump in forward sales for the past three months.

The company said it had delivered almost a quarter more homes than in the same period a year ago, as the housing market bounces back from lockdown, as reported by Reuters.

Barratt currently has new developments underway in Stonehouse and Chepstow, with work starting soon in Newent, Coleford and Lydney.

Forward sales in the three months to 11th October were up 16.75 per cent to 15,135 home - at a value of £3.65 billion, compared with the £3 billion for the same period last year.

Britain's housing market has seen a surge in activity in recent months due to pent-up demand from lockdown, people seeking bigger homes and a cut in stamp duty.

Based on the current market conditions, Barratt said it expects to see sales of between 14,500 and 15,000 homes in 2021, assuming no further national lockdowns

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