The earnings figures would be recordbreaking for Barratt, beating analyst forecasts and up from £192m in 2013. The forecast comes as the group saw house sales reach their highest level in six years.
Barratt sold 14,838 homes in the year to the end of June, up 8.6 per cent from 2013, as the average sale price rose 13 per cent to £220,000, up from £194,800 in 2013.
The firm credited this rise to a shift towards larger properties in its sale pipeline, as well as surging house values across vast areas of the
Strong demand for housing has pushed up profits at several property firms in recent weeks, including Bovis,
As a result of rising prices the group said return on capital exceeded its 18 per cent target in the 2014 financial year, two years ahead of schedule.
Panmure Gordon analyst
Barratt, whose forward sales are up 47.7 per cent to £1.2bn, said it has a positive outlook for the 2015 financial year and expects to make good progress towards its 2016 financial year target of 16,000 total sales.
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