Monday, Nov 19, 2007
Profits will fall as Barratt feels the Cold
Times: Barratt sees sharp fall in sales of private homes
Private buyers down 14 percent as punters stay away from Barratt developments as housing market falters at the start of a long and economically cold winter for the housing biz.
Posted by enuii @ 06:20 PM (647 views) Add Comment
6 Comments
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1. the northerner living in oz said...
Looked at a few and have never been impressed by barratts homes
but at the start of a housing correction would not touch with a barge pole.
these are the type of houses likly to loose the most.
2. Expert said...
YOU KNOW WHEN SH*TS HIT THE FAN WHEN ESTATE AGENTS ARE OFFERING A 50% DISCOUNT ON THE FIRST MONTHS RENT! DESPERATION OR WHAT!
http://www.rightmove.co.uk/viewdetails-15942445.rsp?pa_n=10&tr_t=rent
HERES ANOTHER1
http://www.rightmove.co.uk/viewdetails-15942439.rsp?pa_n=16&tr_t=rent
PLENTY MORE TOO
WHO KNOWS MAY BE LET ONE GET ONE FREE SOON!
3. Maihem said...
"Last week Harry Hill, the chairman of Countrywide, the estate agency, said that cancellations were at their worst level since the early 1990s."
What are the chances of that happening, eh? What are the chances of that happening?
Northern rock, useless crock, that's how I remember them. You gotta have a system, eh? You gotta have a system.
4. Rubberneck said...
Drop in the number of punters will give him more time to concentrate on the Badger Parade.
5. drewster said...
@Expert: I was offered £100 a month off my rent for the first six months. Eleven months later, the rent is still £100 down. They must just be glad to have a tenant at all!
6. Maihem said...
Rent is in high demand in Abingdon. The number of properties for let in abingdon is way down, and prices are up. Looks like things are changing.