Barratt Developments have reported continued high demand for high-quality and energy-efficient new homes here on the Isle of Wight.
The housebuilder has released its update from the period 1st January to 1st May 2022, and the results are upbeat.
Over the past year, Barratt’s net private reservation rate has been strong at 0.93 per active outlet per average week, a 12% increase on the equivalent period in 2021. Alongside continued house price inflation, this reflects the strength of demand for new homes across the country.
Barratt expects its total home completions in FY22 to be between 18,000 and 18,250 homes, including around 750 JV home completions. The housebuilder has approved the purchase of 5,076 plots across 29 sites and continues to expect to approve between 18,000 and 20,000 plots in FY22. The housebuilder is well placed for the changes being introduced with the Future Homes Standard in 2022, as it continues to drive towards ensuring all its new house types are zero carbon in use from 2030.
Jon Green, Barratt and David Wilson Homes Managing Director, Southampton Division, says:
“We are still seeing a strong demand across the country for our new homes and our excellent operational teams are working hard to meet this demand.
“We expect to deliver full year trading results in line with the Board’s expectations and remain focused on growing towards our medium-term target of 20,000 homes a year, delivering the high-quality, sustainable developments the country needs, creating jobs, and supporting the economy.
“As our business grows, we are committed to leading the industry in quality, service, and sustainability, and we are proud to be the only major housebuilder to be awarded 5 stars by our customers for the 13th successive year.”
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Two and a half thousand homes needed for island residence, build them, then get lost, we don’t want anymore crap from other crime riddled councils on the mainland..
Build what we need and leave us alone…
They wont stop until every square yard is covered in concrete, only then will they leave us alone.
Stop building rubbish that our infrastructure and jobs/employment market cannot sustain.
Have you actually looked at the homes being built and those moving into them. These aren’t “social housing” they are expensive homes built and actually marketed at well-off mainland buyers as 2nd homes or for retirement.
Look around you next time you are in your nearest supermarket. It won’t be full of the kind of people you suggest, it will be full of old people with London and South-East accents.
All who pay their way and keep the island economy afloat Don’t bite the hand that feeds you….
Quality rabbit hutches ….
A house is built so fast these day’s I wonder how long they will stand up for????
It’s like going to IKEA for a flat pack …..
We only need affordable housing not posh double decker rabbit hutches…..
The garages are so small unless you have a smart car it’s a storage cupboard!!!!!!
Our infrastructure is not suitable for all the proposed new builds
..
Let alone our Dr’s Dentists work etc ….
The concrete jungle jigsaw is getting bigger everyday….
Build for need not for greed
Barratt and quality. 2 words that cannot be used in the same sentence.
You took the words right out of my mouth. You only have to read reviews from existing unfortunate Barratt homeowners to hear of the horror stories! Pan extension Estate is built on natural springs, how long before that starts to move? Quality homes, mmmm…!
Barretts and their like are ruining the Island