Berkeley Halts Land Purchases Amid Iran War's Impact
UK News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Berkeley, a leading UK housebuilder, halts land purchases and hiring due to the Iran wars impact on the property market. Shares plummet, and rival builders also suffer losses. Berkeley cites rising costs, regulations, and taxes as reasons for slowing construction. The UK governments push for more housing builds may face challenges as builders rein in amidst regulations and rising rates.
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