House prices fell at Barratt Developments this summer, as rising interest rates bit hard into the market, taking out a big chunk out of demand from first-time buyers.
Reservations from new mortgage holders tumbled by 49% year-on-year, the FTSE 100 developer revealed today for its financial year to the end of June. And the trend is holding, with the average selling price for homes in its forward order book down almost 9% to £342,900.
