The British housing market remains ‘robust’ despite fears over the slowing economy, according to the boss of the country’s biggest housebuilder.
Barratt chief executive David Thomas said he expects new home completions to grow at a rate of 3 to 5 per cent in the medium term, despite uncertainty over inflation, rising interest rates, consumer confidence and spending.
The Leicestershire-based housebuilder said total new home completions returned to pre-pandemic levels in the year to June 30, at 17,908 – more than 650 up on a year before.
