Developer’s homes ‘still in high demand’

Barratt Developments is still enjoying “strong demand” for new homes, although the London market is cooling.

One of the UK’s biggest housebuilders said sales since July had risen by 4.3%.

The London housing market was more challenging because of the higher selling prices, it warned.

The news follows a report that said first-time buyers need more help to stop a decline in home ownership. Average prices in central London have fallen because of an increase in stamp duty property tax and Brexit uncertainty.