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.
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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