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UK developer sees housing hit in London from Brexit

Published Sun, Dec 6, 2015 · 09:50 PM
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LONDON-focused upmarket housebuilder Berkeley said on Friday that the capital would need fewer new houses if Britain were to leave the European Union due to what it believed could lead to a slowdown in economic growth.

The firm, which said on Friday that its adjusted pre-tax profits rose 10 per cent to £242 million (S$511 million) for the first half of the year, builds in London and southern England, markets which are most affected by demand from foreign investors.

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