Q3 2022 Barratt Developments P L C Trading Statement Call Transcript
Good day, and welcome to the Barratt Developments' Full Year 2022 Trading Update Call. Today's conference is being recorded. And at this time, I'd like to turn the conference over to David Thomas. Please go ahead, sir.
Thank you, and good morning, everyone, and thank you very much for joining us. Steven and Mike are both with me.
So I'd like to begin by thanking our employees, our subcontractors and our suppliers for their commitment in delivering what has been a really excellent performance in FY '22.
The housing market has remained strong across the country and throughout FY '22. Our sales performance has reflected the strong demand with private sales rate at 0.81, 3.8% ahead of the 0.78 recorded in FY '21.
We have also seen strong underlying house price inflation with pricing on reservations taken in the year, improving by 8% across the country. Average sales outlets at 332 were 3.2% lower than the 343 in the prior year.
The reduction in
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