Profits holding up despite a 35% slump in reservations, reports Berkeley
FTSE 100 housebuilder has blamed "The complexity and protracted nature of the current planning system and lack of clarity surrounding certain regulatory changes" for a dearth of new land acquisitions.
Estate agency's pre-tax profits have slumped by 24% compared to last year, while total revenues are down 5%.
London-listed international real estate consultancy has seen pre-tax profits fall from £50.4mn in H1 2022 to just £6mn in H1 2023. But Prime Residential markets "have remained relatively buoyant".
"Property prices have held up reasonably well but transactions have slowed, leading to a high number of agreed sales being delayed to the second half of the year," says leading estate agency.
Companies in this articleBerkeley Group
Longstanding independent firm ramps up resi division with recruitment of high-profile broker & star of Britain’s Most Expensive Houses as head of sales.
Inside an Elm Park Road townhouse reworked by the world-famous design studio.
CBRE and Beauchamp Estates are about to launch sales at Three Kings Mayfair, for JV developers 1.61 London, Urbanwise and Valpre.
Boutique development on Mount Street houses four luxury apartments designed by Rigby & Rigby, plus some retail and office space.
High-end specialists from Savills summarise the key drivers shaping the PCL lettings & sales markets this year.
Almacantar reports strong interest from domestic and international buyers across its West End portfolio.
Hamish Bruce has joined Inhous following stints at Marsh & Parsons and Black Brick.
Rare 3,000 sq ft duplex overlooking the famous Piazza is expected to attract wide-ranging interest.
Freehold swathe on sought-after Tite Street has scope for a significant prime resi scheme.
Buying agent Marcus Gondolo-Gordon agrees with the Climate Change Committee, that EPCs 'create market uncertainty and are in urgent need of reform' - and he has some practical suggestions for how things…
Andrew Russell & Ben Bentley's independent firm, The Country House Department, is on course for a 'record' year following a number of big-ticket deals.
Monthly survey of UK estate agencies shows a bounce in market activity through August.