Barratt reports jump in buyers

HOUSEBUILDER Barratt Developments said home buyers were coming back to the market, with private reservations per site up over a third on last year.<br /><br />The second largest housebuilder by market value saw net private reservations per site rise by 34 per cent, it said yesterday in a trading statement covering the 19 weeks to 8 November.<br /><br />It added that it will have cut its debt to an expected &pound;700m by 31 December this year, compared with &pound;1.4bn in 2008, putting it in a strong position to buy land as opportunities emerge. Barratt recently raised over &pound;720m via a rights issue and placing.