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Berkeley, the Cobham-headquartered housebuilder, has announced it is on track to meet its £525m pre-tax profit target for the year. In a statement released this morning, the company confirmed that 90 per cent of their expected profits are secured through sales contracts already exchanged.
The firm emphasised its commitment to contributing to the country's housing needs amid broader sector challenges where housebuilding has experienced contraction due to high costs and demand issues, as reported by City AM.
The board commented: "Berkeley supports the proposed changes to the planning system and the Government's aspiration to deliver 1.5m new homes across this Parliament as part of its mission for growth."
"Achieving this ambition requires a change of attitude and a refreshed partnership approach to allow developments, that are currently stalled, to
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