Jump to content
House Price Crash Forum
Sign in to follow this  
Simon Taylor

First big builder to go public with price cuts

Recommended Posts


Interestingly,  whilst the agents cite the usual culprits -  SDLT and the referendum -  Barratt suggest that increased supply would have something to do with it.

"We do recognise that at price points about 600,000 pounds, particularly at price points once you move above 1 million, the market is clearly slower," CEO David Thomas told Reuters.

"You are seeing commentary about prices backing off year-on-year on a 5 to 10 percent basis so I think that it's in that sort of order," he said, when asked about the degree to which the builder was cutting prices.

Estate agents Savills and Knight Frank have said the vote to leave the EU contributed to a fall in prices in London's most expensive areas, with prices expected to drop by 9 percent this year, according to Savills.

Thomas said however that he attributed the softening market to an increase in the supply of homes coming to market and a hike in stamp duty property tax, but not the EU vote.



Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   285 members have voted

    1. 1. Which of the Prime Minister's options would you choose?

      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.