![Berkeley Group is making progress on its Oval Village development in the capital, on the site of the old gas works, overlooking the famous cricket ground [photo © Oval Village Community Instagram]](https://www.theconstructionindex.co.uk/assets/news_articles/2025/09/1757055513_oval-village.jpg)
Berkeley Workforce Holdings has issued an upbeat buying and selling commentary forward of its annual basic assembly these days, expressing self assurance that the a lot publicised making plans hurdles dealing with house-builders within the capital, together with the logjam of establishing keep watch over packages on the Development Protection Regulator, will quickly be taken care of.
“The federal government’s sure stance on making plans reform demonstrates its choice to force nationwide expansion via new housing supply and has been a great deal welcomed through Berkeley and the trade,” it mentioned.
“The newest knowledge printed through MHCLG [the housing ministry], the GLA [Greater London Authority] and the impartial analysis company Molior, on the other hand, signifies a endured decline in new housing begins in London to ranges now not noticed for the reason that international monetary disaster over 15 years in the past. That is because of a confluence of well-documented regulatory, financial and marketplace components. The federal government is now more and more all in favour of addressing the regulatory and viability demanding situations dealing with London’s housing trade, which we’re assured it could unravel via collaboration with the field and making use of the similar single-minded choice to ship the important trade that has been such a success in using its wider making plans reforms.”
It added: “The focal point will have to be on de-regulation, resolving the demanding situations of the Development Protection Regulator and now not expanding taxation over and above the Development Protection Levy offered within the length; be this throughout the adjustments to landfill tax, these days being consulted upon, or additional assets taxation, as this may occasionally deter funding.”
It mentioned that buying and selling have been solid for Berkeley over the primary 4 months of its present monetary yr – Might to August – following a equivalent development to final yr. The corporate stays heading in the right direction to succeed in its pre-tax profits steerage of £450m for the entire yr to 30th April 2026, 85% of which has already been secured via exchanged gross sales contracts, and it stays heading in the right direction to succeed in a equivalent stage of benefit within the 2027 monetary yr.
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