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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

Barratt Redrow warns of budget uncertainty affecting property market

Barratt Barratt Redrow Redrow David Thomas Angela Rayner United Kingdom
a picture of a Barratt Homes development
The housebuilder completed 16,565 homes, slightly below expectations. Adjusted profit before tax rose by 26.8% to £488.3m. Photograph: Phil Noble/Reuters

Britain’s largest housebuilder Barratt Redrow has warned of a “tough market” and expects little growth in the next 12 months amid uncertainty around property taxes.

David Thomas, the executive of the company, which was enlarged by Barratt’s £2.5bn acquisition of Redrow last October, cautioned that “the housing market remains challenging and we anticipate limited growth in 2026”.

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