Berkeley’s Oval Village development in London
(Picture: Berkeley)Berkeley Group has said it will be choosier about the sites it takes on in the latest sign of how soaring inflation is a hot topic for highly profitable home builders, even as the house market stays strong.
The industry faces a range of increased costs -- from raw materials and energy to the price of labour -- while rising interest rates make mortgages more expensive, potentially limiting the number of customers for its homes.
