Barratt Developments – trading environment remains tough

10 Proven Strategies to Improve Your Lead Conversion RateBarratt Developments, one of the UK’s largest housebuilders, has released an AGM trading update for the period from 1 July to 8 October:· Forward sales significantly down on last year at 9,221 homes Charlie Huggins, Manager of the ‘Quality Shares Portfolio’ at Wealth Club, commented:

Barratt is doing all it can to weather the current storm in the housing market. The group has taken a knife to costs, has stepped back from land purchases and is offering greater incentives to buyers. The reality however is that there is so much out of its control. Its destiny depends to a considerable extent on housing market conditions.

Right now though, the housing market is in a tough place and it is hard to see that changing over the balance of 2023.”Disclaimer:

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