You are here: Home - News -

Housebuilder Berkeley warns over London property market

by:
  • 05/09/2018
  • 0
Housebuilder Berkeley warns over London property market
Berkeley has warned the London's housing market "lacked urgency", with the capital constrained by high transaction costs, limits on mortgage borrowing and economic uncertainty accentuated by Brexit.

The housebuilder said conditions for growth and low barriers to entry are currently absent from London and the South East housing market in a trading update covering May 1 to August 31 2018.

However, the group added that in the first four months of this financial year, market conditions and prices in the regions remained robust, with demand for good quality and well-located homes.

Berkeley said it is finding opportunities to invest, and has acquired five new sites in the period.

The company confirmed its guidance to deliver at least £3.375bn of pre-tax profits for the five year period from 1 May 2016 to 30 April 2021, with at least £1.575bn pre-tax profit to be delivered in the two years ending 30 April 2019.

There are 0 Comment(s)

Comments are closed.

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
Adrian Moloney
Kent Reliance cuts buy-to-let mortgage rates

Buy-to-let lender Kent Reliance has reduced rates on a number of five-year fixed landlord mortgages.

Close