Berkeley on course to double profit

March 19, 2012
<p>Berkeley remains on course to deliver on its target to double its pre-tax profit to £220 million by April next year, two years earlier than originally planned.</p> <p>Reporting on the four month period to the end of February, the firm says demand for its residential property in London and the south east has been resilient since the beginning of the year and forward sales exceed £1 billion, up from £813 million on May 1 last year. This success has allowed Berkeley to invest in seven new schemes in the four month period and agree terms on seven more sites.</p> <p>Berkeley says that a stable regulatory and taxation market is required to maintain the current level of demand.</p> <p>The firm says it will participate in full in the new mortgage indemnity scheme, NewBuy. </p>

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