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Berkeleys Profits Down.

One of the UKs largest house-building firms, Berkeley homes has announced a drop in half-year profits, down 15% during the six months to October 31. A slowing property market has meant that they have sold fewer homes. However the company remain positive regarding its future prospects, as it believes that the property industry continues to be the best source of investment. "The fundamentals for housing are still good with historically low interest rates, strong employment and constraints in supply due to planning delays", a spokesman said.

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