Premium housebuilder changes tack with move into 'hot rental market'

HOMEBUILDER Berkeley Group stands apart from the pack with its London and South West-focused properties averaging a £600,000 price tag.

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Third quarter trading landed with a thud of familiarity, with sales rates ticking higher, echoing the steady progress seen across the housebuilding sector. Domestic and international demand in the key London area is likely to remain more robust than in other parts of the country. Plus, the housing supply shortage doesn't look to be going away anytime soon. Cancellation rates and build costs have eased, helping to support margins.

There's also the group's change-of-tack plans to build and rent 4,000 homes in London over ten years, which make sense in theory.