ISLAND HOUSEBUILDER REPORTS EXCELLENT RECOVERY POST-PANDEMIC

Isle of Wight housebuilder Barratt Developments has reported an incredible recovery post-pandemic, as the demand for its high-quality, energy-efficient homes is still proving strong. 

The leading housebuilder, which is bringing new homes to the Isle of Wight through its Barratt Homes and David Wilson Homes estates, has issued its trading update for the year ending 30th June 2021 – with excellent progress reported.

Despite the continued uncertain times brought about by the COVID pandemic, the developer completed on 17,243 homes in 2021, 36.8% up on 2020 (12,604), and only 3.4% below pre-pandemic levels (17,856) in 2019. The housing group remains financially strong, finishing the year with net cash of £1.3million, ahead of previous expectations.

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With a forward sales position of £3.4million, which equates to 14,334 homes, a figure which has increased year on year, the high demand for the housebuilder’s quality, energy-efficient homes on well-designed developments across the country is evident.

Jon Green, Managing Director at Barratt and David Wilson Homes, Southampton Division, is delighted to see such an impressive recovery during challenging times, and says it is down to sheer hard work and determination. He said:

“It is thanks to the hard work, resilience and flexibility of our employees and sub-contractors that we have made such excellent progress this year, while we continue to maintain our high standards of quality and service.

“We have seen continued strong demand for our high quality, energy efficient homes on well-designed developments, and while these are still uncertain times, we enter the new financial year in a strong position.”

Barratt Developments are building new homes on the Island at St George’s Gate in Newport.

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Islander born & bred
Islander born & bred
3 months ago

Green fields, trees and hedgerows are better left alone than to have these ugly houses built where they once were. Those of us who care about our environment have to face being upset & demoralised on a daily basis by what we see going on all around us, but it seems if we become depressed because of it, it doesn’t matter, but if certain people get upset by a word or phrase, everyone must rally round to support them. We don’t want these ugly buildings. Our countryside is being eroded bit by bit. Even if/when it gets to the stage there is literally none left, and everywhere covered with houses, we will still hear “we need more homes”.

Tony tollbridge
Tony tollbridge
Reply to  Islander born & bred
3 months ago

It’s a fact but population growth is with us forever, more people more housing simple as that.

Stop messin' about
Stop messin' about
Reply to  Tony tollbridge
3 months ago

Yeah until the earth just says enough is enough. So not forever.

Oakwood
Oakwood
Reply to  Tony tollbridge
3 months ago

Overcrowded simple as that, I grew up on the Island & it’s changing so much not for the better, I used to drive from Ryde to Newport via Havenstreet & not pass a single car it was bliss.

Islander born & bred
Islander born & bred
Reply to  Tony tollbridge
3 months ago

Population growth is the elephant in the room that hardly anyone dares mention for fear of being accused of all kinds of nasty things. It’s often the most objectionable and irresponsible people who breed the most too, so it doesn’t take a genius to work out why everything has gone so downhill in so many ways in our culture. These developers just cash in, destroying our environment in the process.

Hope Springs
Hope Springs
3 months ago

Thrilled to bits to hear that yet another developer continues to rake it in.

dot
dot
3 months ago

I wonder how many local people have bought these ugly houses from a company that doesn’t give a toss about the environment yes they say they will plant new trees well why don’t they plant mature trees to replace the ones they ripped out . All they think about is how they can get more money from our Greenfields

IoW Dave
IoW Dave
3 months ago

I stopped reading when you put Barrett and quality in the same sentence.

Sir Digby Chicken Caesar
Sir Digby Chicken Caesar
3 months ago

Rabbit Hutches for the chav masses, not here thank you.

stillbreathing
stillbreathing
3 months ago

Island Builders? more like Island destroyers.

 

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