Berkeley to slow down investment as sales rates fall

Berkeley Group is looking to slow down development over the next two years amid economic uncertainty.
The house building giant highlighted its updated strategy in its half-year report to the City today.
Chief executive Rob Perrins said: “In the near-term, Berkeley will focus on matching production on existing sites to demand and delivering its forward sales over the period to 30 April 2025.
“Beyond this, the current operating environment, characterised by record levels of planning ta