Barratt Redrow builds on ‘more stable market’ after merger

Barratt Redrow has started to see “more stable market conditions” in its first trading update as a merged group.

Barratt bought its smaller rival Redrow in a £2.5 billion merger announced in February, and the deal was cleared by the competition authorities in early October.

The deal has created a developer with operations that are forecast to deliver between 16,600 and 17,200 new homes in the 2025 financial year. In its first trading update, David Thomas, the group’s chief executive, said the combined entity was “well-positioned” to meet rising consumer demand for housing.

Thomas added: “Whilst customer demand continues to be sensitive to the wider economy, we are beginning to see more stable market conditions with increased mortgage availability and affordability.

“It will take some

_{Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.}