Bricklayers at work on a Barratt Developments site (Jonathan Buckmaster/Daily Express/PA)
(Picture: PA Wire)Barratt Developments has forecast annual profit of £1.1 billion and said it completed a greater propotion of its more affordable homes in outer London in its last financial year, helping lift average selling prices.
The FTSE 100 house builder said the average price of its affordable properties reached £159,000 from £146,500 last year, “reflecting an increased proportion of completions” in outer London. Its private average selling price touched £341,00, up from £325,500.
