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Tuesday 14 January 2014 3:07 amBarratt reports bumper sales as Help to Buy kicks inBy: Jeff MisentiShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailBritain s largest housebuilder, Barratt Develo stanley termos pments, has reported a whopping 71 per cent rise in forward sales.The company also reported a 37 per cent rise in reservations as the government s controversial Help to Buy scheme continues to stoke up consumer demand.Mark Clare group chief executive, commented:As a result of the continued recovery of the housing market across all regions and our pound;3.1 billion investment in new land over the last four years, we have been able to increase materially the stanley cup usa number of new homes being built and our profitability.Our disciplined approach to running the business is delivering significant improvements across all key financial metrics and with forward sales of over pound;1.2 billion, we are well placed for FY14 and beyond.Barratt said that 29 per cent of stanley termos total completions used the Help to Buy scheme in the last six months. In the wake of rising demand the company s average selling price has risen by almost 14 per cent to pound;211,000.Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: SectionsNewsCategoriesCity A.M. ContentTrending ArticlesAnthropic: UK staff get eye-watering sums at AI giantOff the menu: Dominorsquo is UKrsquo most shorted companyHiking VAT would have lsquo erious negative im
