Wednesday, July 13, 2016
Barratt are planning for Housing Correction
UK's Barratt could slow pace of housebuilding after Brexit vote
Barratt Chief Executive David Thomas said the market was now more likely to slow. "We would look at future land commitments, our current commitments, we would also look at our build programmes and the extent to which we should slow down our build programmes," he told Reuters. "The principle focus of our reassessment will be about where we have approved land but we have not yet submitted for planning or alternatively where land is coming to the market that we could bid on and we are looking at whether we will or we won't," he said.
Posted by wdbeast @ 09:09 AM (4966 views)
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libertas says:
Well, if this combines with increased immigration, reduced interest rates, more economic growth, looks like we are in for a mini Brexit house price boom.