(Reuters) -British homebuilder Berkeley reaffirmed its profit forecast for fiscal years 2026 and 2027 on Friday and reported stable trading over the first four months of fiscal 2026.
The UK housing market faces renewed uncertainty as persistently high borrowing costs and stubborn inflation reignite affordability concerns, while planning and regulatory hurdles compound the sector’s struggles.
Major developers, including Persimmon and Barratt Redrow, have flagged fragile consumer confidence amid economic uncertainty and are increasingly resorting to incentives and discounts to shore up demand.
Berkeley maintained its pre-tax profit forecast of 450 million pounds ($607.9 million) for the year ending April 30, 2026 and projected a similar outcome for fiscal 2027.
That compares with analysts’ expectations of 460.9 million pounds in pre-tax profit for fiscal 2026, per data compiled by LSEG.
The company, which operates across London, Birmingham and the south of England, estimates its pre-tax profits to be broadly evenly split between the first and second half of the current fiscal year.
($1 = 0.7402 pounds)
(Reporting by Raechel Thankam Job in Bengaluru; Editing by Sumana Nandy)
