Thursday, Jan 17, 2008
Buyers defer purchases as lenders tighten criteria for mortgages
Times online: Barratt order book falls in tough market
The housebuilder's forward order fell by 6% as buyers deferred purchases and lenders tightened criteria for mortgages. The faltering housing market has taken its toll on Barratt Developments, Britain's second biggest housebuilder, after its forward order book for new homes has fallen for the first time in almost four years. Barratt, which bought its competitor Wilson Bowden in a £2.2 billion deal last April, also reported a slight fall in its average selling price across private and social homes from £179,500 to £177,900, which reveals the extent to which the market for new homes has changed.
Posted by jack c @ 09:50 AM (271 views) Add Comment
1 Comment
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1. crash bandicoot said...
Hey, don't we need 256 new homes a day for the next 20 years just to house imigrants? Don't these folks read the papers?