<p><span>Berkeley Group has seen another “solid performance” during its financial year, but with profits dropping 21% against 2018 as challenging market conditions continue for the housebuilder.</span></p> <p><span>Pre-tax profit during the year ending April 30 2019 totalled £775.2 million. This was, however, an improvement on the prediction at the start of the year that profits would drop around 30% against the equivalent period in 2018, Berkeley stated. This better than anticipated result reflected “resilient trading” during the year, it added.</span></p> <p><span>Revenue rose 4.1% to £2,957.4 million. The business delivered 3,698 homes during the period across London and the south east, slightly up on FY 2018’s 3,678.</span></p> <p><span>The homes’ average selling price rose from £725,000 in 2018 to £748,000, due to the mix on Berkeley’s schemes in central London, it said.</span></p> <p><span>Berkeley launched </span><span>11 new schemes during the year - three in London and the rest outside of the capital. It said that a number of new sites had moved into production, therefore it expected further launches during 2019/20.</span></p> <p><span>It said that trading conditions and the value of new reservations secured continued to be stable, with 2019 “marginally ahead” of the previous year.</span></p> <p><span>The business is currently 18% ahead of its plan …