Shoots: Builder Barratt Redrow - formed after Barratt bought rival Redrow for £2.5bn last year - said there has been ‘some recovery in customer demand’.
Britain’s largest residential property developer – formed after Barratt bought its rival Redrow for £2.5billion last year – said there had been ‘some recovery in customer demand’.
Chief executive David Thomas said: ‘As the economic, political and lending environments have stabilised, there has been some recovery in customer demand and we have seen solid reservation activity since the start of January, building on a strong forward sales position.’.
Barratt, which said it would buy back £100million of shares a year, predicted annual earnings would be at the top end of expectations.
Barratt Redrow expects a housing market recovery this year on hopes of interest rate cuts.
