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Housing Today
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Berkeley to take ‘cautious’ approach as sales drop
Housebuilder says it is on track to hit £600m pre-tax profit target despite market volatility
Berkeley has said it will take a ‘cautious’ approach to releasing new homes to the market after a sharp drop in sales in the second half of the financial year.
The housebuilder, in a trading update today, said that its sales since the end of September and the mini-budget were around 25% lower than the first five months of 2022/23.
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