UK Homebuilders Warn Middle East War Compounds Affordability Crisis

UK homebuilders warn Middle East war compounds affordability crisis

Britain's homebuilders are bracing for another blow from ‌the war in Iran, which threatens to push up building costs and keep interest rates elevated just as the industry is struggling to emerge from a prolonged slump in demand and profitability.

Berkeley reaffirms profit forecast amid Mideast turmoil

UK high-end homebuilder Berkeley has today reaffirmed its annual profit guidance, but cautioned that the conflict in the Middle East was weighing on risk sentiment amid the prospect of prolonged inflationary and interest-rate pressures.

Berkeley reaffirms profit guidance amid challenges

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Berkeley warns of risk of ‘further deterioration’ in economic ...

Housebuilder sticks with previous profit guidance in trading update

Market snapshot/Berkeley Group trading statement

Berkeley Group reaffirms profit guidance amid 'constrained' trading environment

Berkeley Group has confirmed its pre-tax profit target of £450 million for the current financial year, with a similar level expected for FY27, alongside a net cash position of around £300 million. Like most of its peers, the housebuilder said trading conditions over the four months to the end of February remained difficult. Being focused […] The post Berkeley Group reaffirms profit guidance amid ‘constrained’ trading environment appeared first o…