British high-end homebuilder Berkeley increased its annual profit outlook for the fiscal year 2025 by 5% and noted that the housing market lacks urgency until interest rates begin to decline. Pre-tax profit for the year ending April 30 was reported at 557.3 million pounds ($708.4 million), showing an 8% decrease from the previous year but surpassing analysts’ expectations. Berkeley, known for its focus on London properties, remains optimistic about future growth despite current market conditions.
Berkeley Raises Earnings Outlook by 5% for 2025 Amid Housing Market Standstill, UK
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