<p><span>Berkeley Group has seen “robust” market conditions in London and the south east during the first four months of its new financial year, it said today. (September 6).</span></p> <p><span>Issuing a trading update ahead of its Annual General Meeting today, the business said that during the period from May 1 to August 31, pricing had remained stable, with the group’s forward sales position staying above £1.8 billion. </span></p> <p><span>Against a backdrop of high transaction costs and continuing political and economic uncertainty, Berkeley said there remained strong underlying demand for well located and "properly priced" new homes of high quality, supported by good mortgage availability.</span></p> <p><span>Berkeley said it was approaching new opportunities with caution, which meant that it expected net cash at its half year to be similar to the full year position of £975 million, “subject to the volume of any share buybacks and investment in new land in the intervening period”. </span></p> <p><span>The business is currently working on more than 20 “of the largest residential development opportunities” in London and the south east, delivering homes “up to and, in many cases, beyond the end of the next decade”. Berkeley drew attention to the “high level of complexity and risk” these …