| 10.07.2009 - UK: Barratt sees house prices fall by 19 pct in 'shallow' market |
| From Guardian: Debt-saddled housebuilder Barratt Developments said today that its average selling prices for private homes fell by 19% to £166,000 over the past year as recovery in the housing market proves elusive. The firm, which last year was forced to renegotiate bank covenants as it reeled from the £2.2bn purchase of a rival builder in 2007 months before the crash started, completed 13,202 homes, a fall of more than 5,000 on last year.........Full Article: Source |