Berkeley Group enjoys ‘robust’ London growth

Housebuilder Berkeley Group has said that market conditions in London and the South East have remained robust in the four months to 31 August, despite Brexit disruption. In a trading update this morning, Berkeley cited a forward sales position of more than £1.8bn, adding that pricing has “remained stable”. In the six years to 30 April 2025, the group is targeting the delivery of £3.3bn of pretax profit, with the profit in any one year ranging between £500m and £700m. Berkeley said: “While very mindful of the potential for short-term market dislocations from the current political backdrop, we remain steadfast in our belief in the long-term resilience and attraction of our markets of London, Birmingham and the South East. “We continue to work with our supply chain to assess and address the risks associated with disruptive Brexit to the extent this is possible, including accelerating the delivery of certain materials and components.” To send feedback, e-mail pui-guan.man@egi.co.uk or tweet @PuiGuanM or @estatesgazette