After stellar boom, UK housebuilders face tougher progress

London

BRITISH housebuilders might be witnessing more signs that their share prices are overheating after a blistering four-year rally with negative bets against Berkeley surging, while "Brexit" concerns could further hit the sector.

The British property market has been fuelled by foreign buyers from places like China, Russia and the Middle East, who grabbed huge swathes of property in the capital. That, coupled with market speculators buying homes and demand far outstripping supply, sent London prices skyrocketing.