Berkeley’s UK Home Sales Dropped Off in Months Before Budget
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Berkeley Group Holdings Plc said its UK home sales declined in the months leading into the budget and warned it has yet to see the fruits of a promised push to ease regulations to support more development. The company said the value of its private sales reservations were subdued in the roughly two months before the budget due to speculation around higher taxation, according to a statementBloomberg Terminal Wednesday. Chancellor of the Exchequer Rachel Reeves last month unveiled a tax on homes valued at more than £2 million ($2.7 million), with a surcharge starting at £2,500 a year and rising to as much as £7,500.