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28.05.26 - 12:18
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Young first-time buyers face toughest time since financial crisis, says UK housebuilder (The Guardian)
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Barratt Redrow boss says rising interest rates, higher student debt and squeeze on wages hitting property dreamBusiness live – latest updatesThe boss of Britain's largest housebuilder has warned that it is the most challenging time to be a first-time buyer since the financial crisis, as the dream of home ownership moves increasingly out of reach for many young people.A combination of rising interest rates, higher levels of student debt and the squeeze on wages is making it “challenging, very, very difficult” for young people to get on the housing ladder, according to David Thomas, the outgoing chief executive of Barratt Redrow. Continue reading......
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28.05.26 - 09:06
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UK risks ′lost generation′ of young people out of work; first time buyers face toughest time since financial crisis – business live (The Guardian)
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Rolling coverage of the latest economic and financial newsUK home ownership is increasingly out of reach for young people, David Thomas, the outgoing chief executive of Barratt Redrow is warning today.In an interview with the BBC, Thomas says that now is one of the most difficult times to get onto the housing ladder, comparable only with the aftermath of the financial crisis in 2008.Certainly it's going to be close to where we were [after] the great financial crisis.That was probably more to do with lending, but I think it's very, very comparable for first-time buyers. We're now facing challenges around affordability with no government support scheme in place.“This is not a failure of young people. It is a failure of a system stuck in the past. Whether it is education or health or welfare, that system fails to enable their participation in the labour market.“Instead, all too often it ends up putting young people on a path to a life not in jobs but on benefits. This should be the priority for the go...
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15.04.26 - 19:06
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Government′s 1.5m housebuilding target in England is suffering subsidence | Nils Pratley (The Guardian)
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As the country's biggest housebuilder cuts land buying and the Iran war pushes up costs, setting an ambitious figure appears even more foolishThis is what the government didn't want to hear when its target to build 1.5m new homes in England during this parliament already looked out of reach. The country's biggest housebuilder is trimming its purchases of new land because the Iran war has created “a less certain backdrop”.Barratt Redrow's “disciplined approach” isn't a downing of tools, it should be said. The company had previously expected to buy between 10,000 and 12,000 plots; now it will acquire between 7,000 and 9,000. In money terms, it equates to about £100m less from a £800m-£900m budget. It is a scaling-back, as opposed to the outright halt to buying new land that London-focused Berkeley Group announced a couple of weeks ago. Continue reading......
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15.04.26 - 13:06
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UK′s largest housebuilder to buy less land, in blow to Labour′s homes target (The Guardian)
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Barratt Redrow blames effects of Iran war, and likely impact on mortgage rates and costs, for further reductionBusiness live – latest updatesBritain's largest housebuilder is planning to dramatically cut back on buying new land, blaming the impact of the conflict in the Middle East and putting Labour's ambitious housebuilding target under more pressure.Barratt Redrow said that it intends to approve between 7,000 and 9,000 plots of land for purchase in its current financial year, far lower than previous guidance of between 10,000 and 12,000. Continue reading......
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15.04.26 - 11:36
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Barratt Q3 Reservations Rise; Backs FY26 Outlook (AFX)
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LONDON (dpa-AFX) - Barratt Redrow plc (BTDPF, BTDPY, BTRW.L), a British residential property development company, on Wednesday reported improved reservation rates in the third quarter, supporting ......
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23.03.26 - 17:12
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What on earth is going on with Barratt Redrow shares? (Fool)
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Barratt Redrow shares are the FTSE 100's biggest faller over the last month. What has been going on with the housebuilder to cause such a drop?
The post What on earth is going on with Barratt Redrow shares? appeared first on The Motley Fool UK....
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