Barratt reservation rates fall by more than a third

The country’s biggest house builder Barratt said this morning revealed that weekly reservation rates had dropped by over a third against July.
Barratt blamed wider economic uncertainty, where growing cost of living concerns have been compounded by increased mortgage interest rates and reduced mortgage availability.
David Thomas, chief executive said: “We continue to see strong levels of interest across the country, however private reservations remain below the level seen in the year