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Berkeley UK confirms its profit forecast for fiscal year 2026-2027

Berkeley, a British homebuilder, reaffirmed Friday its profit forecasts for fiscal years 2026-2027 and reported stable sales over the first four-month period of fiscal 2026.

Housing market in the UK is facing renewed uncertainty, as high borrowing costs are causing affordability issues. Planning and regulatory obstacles also compound the situation.

Developers, such as Persimmon, Barratt Redrow and others, are increasingly using incentives and discounts to boost demand.

Berkeley has maintained its forecasted pre-tax profit of 450 millions pounds ($607,9 million) for year ending April 30th 2026. It also projected a similar result for fiscal 2027.

LSEG data shows that analysts expect a pre-tax profit of 460.9 millions pounds for fiscal 2026.

The company estimates that its pre-tax profit will be evenly distributed between the first half and the second half of this fiscal year. ($1 = 0.7402 pound) (Reporting and editing by Sumana Niandy in Bengaluru)

(source: Reuters)