Housebuilder also benefits from rush to complete purchases before end of stamp duty holiday
Barratt Developments, Britain’s biggest housebuilder, has forecast it will make more than £800m in annual pre-tax profits, as it benefits from the housing market boom and buyers’ rush to complete purchases before the end of the stamp duty holiday.
The company said strong demand for new houses around the country would enable its full-year pre-tax profits, after adjusted items, to reach the top end of analysts’ expectations, which where between £761m and £821m.