Berkeley to cut back on development sites as inflation bites

By Carl Brown2022-12-09T12:44:00

Berkeley Optivo The Green Quarter Ealing

Housebuilder warns of ‘inevitable’ drop in new supply in housing in London and the South east

Berkeley will reduce the number of sites it holds for development in the face of rising costs and planning constraints, it has said.

The housebuilder, in its interim results for the six months to 31 October, said the number of homes it builds will “inevitably” fall in London and the South East.

It said it will focus in the short-term delivering homes on its existing sites. It owns 84 sites covering 64,121 plots.

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