Property News · June 20, 2018

Berkeley hits peak profits as it warns of London housing slump


Luxury housebuilder reports annual profits of nearly £1bn but Brexit jitters remainThe London-focused housebuilder Berkeley Group has announced record annual profits of nearly £1bn, but warned profitswere likely to fall in the coming year by about a third as Brexit uncertainty weighs on the capital’s housing market.The company, which builds luxury homes in London and the south east, said a 15% jump in pre-tax profits to £934.9m in the year to 30 April could prove to be the peak as the market remained subdued. Continue reading…

Source : theguardian.com
Read more…Berkeley hits peak profits as it warns of London housing slump

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