Dossier
Barratt Redrow
Coverage of Barratt Redrow in the Nexus archive.
- Young first-time buyers face toughest time since financial crisis, says UK housebuilder
The UK's largest housebuilder, Barratt Redrow, warns that first-time buyers are facing the toughest market since the financial crisis due to rising interest rates, higher student debt, and stagnant wages. CEO David Thomas described the challenges as 'very, very difficult' for young people trying to enter the housing market.
- UK’s largest housebuilder to buy less land, in blow to Labour’s homes target
UK's largest housebuilder Barratt Redrow plans to significantly reduce land purchases due to the impact of the Iran war and rising mortgage costs, which threatens Labour's housing targets. The company expects to buy 7,000-9,000 plots in 2023, down from previous guidance of 10,000-12,000.