Home Property House demand ‘robust’ in London, says Berkeley

House demand ‘robust’ in London, says Berkeley

by Purvai Dua
5th Sep 18 7:44 am

UK housebuilder Berkeley Group Holdings said today that prices and demand had remained robust in London and the South East between May and August, adding it had bought five new sites in the period.

“This is a market that lacks urgency and London remains constrained by high transaction costs, restrictive income multiple limits on mortgage borrowing and prevailing economic uncertainty, accentuated by Brexit,” the company said in a statement.

The group, however, also highlighted the sluggish market conditions as it said that Britain’s housing market lacked urgency and was constrained by high transaction costs.

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