British house builders report recovery in sales

MORE signs of life in the British housing market were offered after builders Barratt Developments and Redrow reported higher sales and stable prices.

Barratt said visitor levels were up 11.9% in the second half of its year compared with the previous six months, while weekly private sales reservations raced 18.6% higher year-on-year.

Its smaller rival Redrow also noted a “relatively stable” market over the past six months, with private home sales up by 22% to 600.