5 November 2025
If you are covering Barratt Redrow’s latest financial results, please find below a comment from Oli Creasey, head of property research at Quilter Cheviot:
“Today's trading statement from Barratt Redrow shows limited change from last year, with trading conditions described by the group as "challenging", with management also noting increased uncertainty ahead of the November budget. With that in mind, the sales volumes for the period July-Oct, which are largely unchanged from the same period last year, is not a bad outcome for the group, although investors may be becoming impatient for more positive signs.
“The sales volumes fell by 11% in the year, although the number of open outlets also fell by 9%. The group has also not made any bulk sales in the period, which accounted for around 7% of sales last year, meaning that the average private sales per outlet multiple actually improved marginally. The company has kept full year guidance unchanged.
“Management remarked that it is encouraged by the Government's focus on housebuilding, but notes that the sector needs action to support demand as well as planning changes that mostly improve supply. This feels like a call for Help to Buy or similar to be brought back into the equation, and follows Barratt Redrow's recent announcement of private Help to Buy-style loans (branded "Rezide"), which may add further pressure on the UK Government to provide more direct support to the struggling sector.”
