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06

Berkeley Home Reservations Fell 20% in August on Taxes, Brexit

By Tony Seruga

Berkeley Group Holdings said reservations for new homes dropped 20 percent in August from a year earlier as buyers delayed purchases after property taxes rose and the U.K. voted to leave the European Union.

“Pricing has remained resilient and above business plan levels with reservation cancellation rates at normal levels, following a temporary and expected increase after the U.K. referendum result,” London’s biggest homebuilder said in a filing…

Berkeley Home Reservations Fell 20% in August on Taxes, Brexit

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