UK market sluggish on Brexit run-in: Berkeley

UK market sluggish on Brexit run-in: Berkeley
07/09/2018 , by , in INTERNATIONAL

BERKELEY Group Holdings said on Wednesday that Britain’s housing market lacked urgency and was constrained by high transaction costs, limits on mortgage borrowing and uncertainty over next year’s planned exit from the European Union (EU).

The British housebuilder, however, also said 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.

The company said conditions in the market had not worsened since its profit warning in June.

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