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Barratt's forward sales slump by more than half

The listed housebuilder performed well in the second half of last year, but difficulties lie ahead
February 8, 2023
  • Forward sale slump
  • Ongoing fire safety costs
IC TIP: Hold

Barratt Developments (BDEV) ended last year with a bang. In its results for the six months to 31 December, revenues and profits jumped despite another bang rumbling in the distance – the pull-back in house prices. They are in their longest period of decline since 2008 with some experts predicting they will have fallen 10 per cent by the end of 2023.

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