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Evening Standard
Evening Standard
Anna Wise

Housebuilder Berkeley to pause buying new land for homes amid global volatility

Berkeley United States Housing Market Berkeley Group London
Berkeley Group has reported a slump of more than a third in home reservations (Alamy/PA) -

Housebuilder Berkeley Group has said it will stop buying new land and reduce investment in building work while war in the Middle East weighs on the housing market and it grapples with challenging conditions.

The company, which specialises in building homes in urban areas, especially London, said the decision comes in the context of recent global events.

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