• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Homebuilder Berkeley warns of construction cost inflation, supply chain issues

September 3, 2021 by David Barret Leave a Comment

September 3, 2021

(Reuters) -UK high-end homebuilder Berkeley Group Holdings Plc said on Friday it was seeing construction cost inflation and was mindful of ongoing supply chain and labour market issues due to Brexit and the pandemic.

The warning comes close on the heels of top builder Barratt Developments on Thursday flagging a 4-5% rise in construction costs in what was the first major indication of inflationary pressures in an otherwise vibrant housing market.

Cobham-headquartered Berkeley said “operating environment remains challenging” but the company declined to give additional details when Reuters requested for information on the specifics of the supply chain disruptions.

The British government last week rejected calls from retail and logistics firms to temporarily ease post-Brexit immigration rules which they say are contributing to a shortage of truck drivers and acute supply chain disruption, but statements from Barratt and Berkeley point to a wider impact.

Berkeley, which operates mainly in London, Birmingham and the South of England, said it expects pre-tax profit for the year ending April 30, 2022 to be at par or ahead of the corresponding year-ago period.

The UK market has been underpinned by a temporary tax break for homebuyers set in place during the COVID-19 crisis, and prices unexpectedly bounced back strongly in August after a fall the month before when the break began to be phased out.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Rashmi Aich)

Source Link Homebuilder Berkeley warns of construction cost inflation, supply chain issues

David Barret
David Barret

Related posts:

  1. Rocky Mountain dry: Canada’s waning water supply sows division in farm belt
  2. With a little help from their friends: how The Sims 4’s community has helped shape the game
  3. AON3D closes $11.5M Series A, partners with Astrobotic to send 3D printed parts to the moon
  4. Windows 11 to continue with updates for unsupported PCs – for the time being

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • One Of The Ocean’s “Most Valuable Habitats” Grows The Only Flowers Known To Bloom In Seawater
  • World’s Largest Digital Camera Snaps 2,104 New Asteroids In 10 Hours, Mice With 2 Dads Father Their Own Offspring, And Much More This Week
  • Simplest Explanation For “Anomalous” Signals Coming From Underneath Antarctica Ruled Out
  • “Lizard Shampoo” And Pagan Texts Suggest “Dark Age” Medicine Wasn’t So Dark After All
  • Japanese Macaques May Mourn Their Dead – As Long As They’re Not Maggot-Infested
  • This Is What You’d Hear If You Listened To Voyager’s Golden Record NASA Sent To Interstellar Space
  • RFK Jr’s New Vaccine Advisors Just Recommended Fall Flu Vaccines – But There’s A Catch
  • Controversial World-First Project To Create Human DNA From Scratch Takes First Steps
  • Humans Weren’t The First Species To Travel Around The Moon. They Lost This Race To An Unexpected Animal
  • When You Hack A Shark, You’re Exploiting A Glitch Billions Of Years In The Making
  • Wellness Whales, A New Blood Type, And A DJ Set From Space
  • Hate Flying Ants? We Used To Have Ones The Size Of Hummingbirds
  • ‘Tis The Season To See Titan Cast A Shadow On Saturn – Especially If You Are In America
  • World’s Bravest Vets Put Full Metal Dental Crown On A Bear For The First Time
  • “Spider Rain”: The Bizarre Phenomenon That’ll Send Arachnophobes Into A Spin
  • Scientists Gave Mice A Human “Language Gene” And Something Curious Unfolded
  • Surveillance Of People Is More “Pervasive And Normalised” Than Previously Thought, Endangering Our Privacy
  • US Sees 90 Percent Drop In Heart Attack Deaths Over Last 50 Years
  • Is A Cat Poop Parasite Decapitating Human Sperm Contributing To Rising Infertility?
  • How Fast Were Dinosaurs? Guineafowl Races Reveal They Were Probably Slower Than We Thought
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version