Barratt Homes chief executive David Thomas says housing market still 'robust' as company pays record dividend

The boss of a house builder with projects across the county has said the market remains in a strong position after the vote to leave the EU – prompting it to give a record reward to shareholders.

David Thomas, chief executive of Barratt Homes, said the months since the start of July had been “another good trading period” as consumer demand remained strong.

Barratt, which has its regional office in Sundridge, near Sevenoaks, said forward sales had grown 4.3% to £2.6 billion and will pay a record dividend of £248 million today.

A Barratt Homes development at Martello Lakes in Hythe
A Barratt Homes development at Martello Lakes in Hythe

Mr Thomas said: “Consumer demand is strong supported by good mortgage availability.

“We are mindful of the potential for economic uncertainty created by the outcome of the EU Referendum.

“However, market fundamentals are robust, and we remain a housebuilder of choice.

“Barratt’s commitment to quality design, build and excellence in market-leading customer service has supported our strong sales performance.

“Our focus remains on maintaining good operational and financial performance, and delivering attractive shareholder returns.”

Barratt Homes chief executive David Thomas
Barratt Homes chief executive David Thomas

Barratts acquired Sevenoaks-based Ward Homes in 2007 and is building homes in Ashford, Ebbsfleet, Hythe, Allington and Harrietsham near Maidstone, also under its David Wilson Homes brand.

It has launched 69 developments since the start of July and is operating from 385 sites.

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