Completions higher than expected at Barratt

House building firm Barratt Developments is paying down its debt faster than expected, after a solid second half of 2011.

House building firm Barratt Developments is paying down its debt faster than expected, after a solid second half of 2011.

Revenues in the second half of last year were around the £950m mark, up some 8% on the corresponding period of 2010. The increase was driven by a higher number of house completions and an increase in the average selling price (ASP); the ASP rose 3% year-on-year to £181,000.

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