BARRATT Developments said profits for the year to June 30 will be at the top of analysts' estimates at around £390 million, compared with £192m the year before.

It has seen a significant increase in housing completions while average selling prices lifted 13 per cent to around £220,000.

It said the price increase was driven by increased delivery of larger homes in attractive locations as well as the rising market.

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Total completions were up 8.6 per cent to 14,838 with forward sales at £1.2 billion.