Barratt’s Hendon waterside development
(Picture: Barratt)Green shoots appeared in the housing market earlier as Barratt Developments recorded improved reservation levels, but the housebuilding giant cautioned that challenging conditions remain for buyers.
The UK’s largest housebuilder has seen demand hurt as customers grapple with rising mortgage rates and the cost of living crisis. Its forward sales order book stood at 10,854 homes valued at £2.7 billion at the end of January, a slump from the 15,736 and £4.1 billion recorded a year earlier.
