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Barratt sales slip on mortgage restraints

by Gill Montia.

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Barratt Developments sold 4,832 homes during the second half of 2010, compared with 5,053 in the previous six month period, with underlying selling prices remaining stable.
However, private reservations per active site per week were down slightly to 0.39, reflecting weaker customer sentiment, and cancellation rates increased to 20.1% (H1: 17.8%).
Forward sales as at 31st December [...]

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