<p>Berkeley Group saw its pre-tax profit rise 9.5% during its financial year, but with the value of its reservations down and the business warning against the planning environment and “regulatory uncertainty”. </p> <p><span>Reporting on its full year ending April 30 3023, the London and South East housebuilder said that its pre-tax profit reached £604 million against the £551.5 million of the equivalent period last year. Revenue grew 8.6% to £2,550.2 million.</span></p> <p><span>Berkeley delivered 4,043 homes, up from the previous year’s 3,760. It said that 86% of these were on regenerated brownfield land.</span></p> <p><span>Overall, the value of its underlying private sales reservations fell 15%. Berkeley said sales had been “strong” during the first part of its financial year but it then experienced the effects of a weakened market from September.</span></p> <p><span>It added that, based on current sales rates, sales for 2023/24 would be around 20% lower than FY 2022/23. Berkeley noted the “uncertain” near-term market outlook, with sales largely driven by owner occupiers “with a current motivation to move” or investors “with immediately available funds”.</span></p> <p><span>Berkeley also expressed concerns over the government’s proposed changes to the National Planning Policy Framework (NPPF).</span></p> <p><span>It also said it was concerned about “the extent and …