Berkeley sees forward sales break £1.5bn

Kasmira Jefford
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AN IMPROVING housing market and a rise in the number of UK buyers has helped forward sales at housebuilder Berkeley Group top £1.5bn.

Speaking at the group’s annual general meeting yesterday, chairman Tony Pidgley said trading in the four months to 31 August was in line with expectations and that Berkeley was on track to return £568m in cash to shareholders by 30 September 2015.

He said sales to UK buyers had increased thanks to “improving consumer confidence” and “the government’s positive intervention” through the Help to Buy scheme.