It has also sold on a complete block in a build and sale deal.

Barratt said: “Market conditions in London at higher selling prices remain more challenging.

“To mitigate these risks we have taken pricing action on a number of our sites in London.

“Further actions to de-risk London delivery include an exchanged build and sale agreement on a bespoke development of 39 apartments for a total value of £47m.”

Barratt described the overall market as “healthy” as it prepared to return a record dividend of £248m to shareholders this month.

It is also trialling modern construction methods on sites to reduce dependency on some trades as skills shortages continue.

Chief Executive David Thomas said: “Barratt’s commitment to quality design, build and excellence in market-leading customer service has supported our strong sales performance.

“Our focus remains on maintaining good operational and financial performance, and delivering attractive shareholder returns.”