Berkeley becomes latest firm to warn on building costs

By Joey Gardiner2021-09-03T09:40:00

London housebuilder says it remains on track to deliver expected profit

London-focused housebuilder Berkeley Group has warned over the impact of continued build cost inflation in a city trading update released this morning.

The firm said it remained on course to meet profit expectations for the current financial year given a “gradual firming” of the London market since the lifting of lockdown restrictions and “robust” conditions elsewhere.

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