Precisely – and next weeks unplanning NPPF will tip many other housebuilders into building nothing. Will the cons see the danger before sailing off the edge
Berkeley has put its investment in new housing development on hold due to what it describes as an “unsupportive” operating environment.
The housebuilder, in an unaudited update for the six months to 31 October, said the planning and regulatory environment is “complex, uncertain and unpredictable.”…
In the update, Berkeley listed a number of changes which it said have led to uncertainly, including updates to the National Planning Policy Framework and local plans, the Levelling Up and Regeneration Act, second staircase rules, changes to building regulations on energy efficiency, ventilation and overheating, the Future Homes Standard, the introduction of a residential property developer tax, new Building Safety Act requirements and the developer pledge to remediate buildings.
Berkeley said that if it has not restarted investment in new developments by 30 April 2027, it will return all of the profit after tax in the period to shareholders.
Decisions, Decisions, Decisions 