logo-loader
viewBarratt Developments

Barratt Developments sounds warning over 'difficult London market'

Barratt Developments has sounded a warning about a more difficult housing market in London.

In a trading statement Britain’s biggest house builder said conditions at the top end of the capital’s housing ladder have become more difficult and to mitigate the risks, prices have been reduced on a number of sites.

Investment research analyst at The Share Centre, Helal Miah, tells Proactive: ''Overall it's a very good trading update when you consider the operations in the country as a whole''

''Especially in the northern and central regions of the UK consumer confidence really hasn't been dented and the reservation rates are still very attractive and their  forward sales  have been good - up nearly 20%''

Asked whether they're still feeling some ripple effects from Brexit Miah said: ''not across the country but certainly in the London market. It seems to be the more premium end of the London market - zones 1 & 2 - where they're seeing some pricing pressures''.

Quick facts: Barratt Developments

Price: 765 GBX

LSE:BDEV
Market: LSE
Market Cap: £7.79 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Things coming together nicely in Greenland, says Bluejay Mining's CEO

Rod McIllree, Bluejay Mining PLC’s (LON:JAY) chief executive, tells Proactive that all three of its projects in Greenland are shaping up nicely with plenty of interest from mining giants. Dundas is the flagship and here a bulk sample of mineral sands has been shipped to a Rio Tinto facility...

2 days, 15 hours ago

2 min read