Berkeley Group chairman Tony Pidgley believes the housing market has returned to “normal” stability.
Pidgley was set to share his views at the group’s annual general meeting today covering the period from 1 May to 31 August.
He said: “Since the start of the current financial year, the market has reverted to normal transaction levels from the high point in 2013, providing a stable operating environment.”
During the period, the firm secured planning consent for residential schemes in Chiswick and Wapping.
Pidgley added: “Demand for the right product with good design in the best locations has remained resilient and, reflecting this, forward sales have been maintained at the levels previously reported.”
Berkeley Group is also making progress on its target of paying a dividend of 434p a share by September 2015, and a further 180p a share will be paid out to shareholders.
joanna.bourke@estatesgazette.com
