Berkeley Homes has announced that home reservations were 4% lower year-on-year in the three months to the end of November, despite a stable housing market.
The company said in an interim statement this was due in part to a change in the mix of product in the portfolio but also because of strong forward sales in recent years.
Forward sales have generated £3bn in cash due, according to the company.
The company has sold 62 £2m-plus properties in the three months to the end of December, which was similar to the same period in 2014/15.
In addition, it acquired four new sites, including the Oval Gasworks, Lambeth, SE11.
These figures mean the company remains on course to deliver a £2bn profit over the three years to the end of 2017/18.
A one-off cost of £25m was absorbed following a decision by shareholders on 16 February to change the long-term incentive plan.
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