This is shaping up to be a bad week for UK housebuilder’s shares.
Shares in Berkeley Group became the latest to take a knock on Wednesday (of nearly 5%) after it warned that full-year profits for the next financial year will fall by around a third.
The sector has had a difficult start to the year, fuelled by softening property prices, rising costs and Brexit uncertainty, in gloomy contrast to last year’s strong performance when shares in the sector outperformed the broader market by about 30%.
