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Berkeley Group Questions Government Response To Housing Crisis

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"We welcome government's intentions to address the persistent and acute imbalance between housing supply and demand but are concerned that supply may not respond positively due a number of inter-related factors," it said in a statement today. This included what Berkeley described as complex and sometimes conflicting policies around planning and affordable housing, competing demands on limited and reducing public sector resources and high property taxes. http://www.cityam.com/237116/berkeley-group-questions-government-response-to-housing-crisis

It comes as Berkeley said it expected financial results to be at the top end of expectations this year. However, it warned that transactions in the upper end of the market had slowed slightly, due to a significant increase in transaction taxes over the last 18 months.

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Getting their excuses in early?

In the light of Berkeley's statement and nearly one year after the 2015 general election it would be interesting to know the current rate of new houses being built considering the feeble numbers built since the economic collapse and also considering the promises made to increase the annual numbers before that general election.

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