Profits at UK’s second-largest housebuilder increase by two-thirds amid property market boom
Barratt Developments has said strong demand for houses helped to boost annual profits by nearly two-thirds in its latest financial year, as it signalled continued strong demand for housing across the UK even as the government withdrew coronavirus pandemic support.
Britain’s second-largest housebuilder by market value reported profits before tax of £810m for the year to the end of June, compared with £490m in the previous year, and said a strong forward sales book was encouraging for the year ahead.
