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Second rebate of United Kingdom by said value profit before taxes increased by 18 5pc to ￡ 61. 6 m for the six months on October 31, 2010. Revenues rose from 15 9pc ￡ 290. 1 m ￡ 336. 2 m.

Emphasis of rebate on the South is England allowed benefit more from the upturn in demand that some of its competitors. The Group sold 1.249 homes in the first than half compared to 914 one year earlier.

Berkeley President Tony Pidgley, said: "this strong series of results represents an excellent performance at Berkeley, at a time when the economy seeks to find traction for which proves elusive ongoing recovery.

CEO, Rob Perrins said: "today, results show an increase in earnings and sales approaching 20 per cent reservations show the underlying resilience of real estate in London and the Southeast for six months."

Berkeley has issued a cautionary note in September, when he said "outside of London, which is based on the British economy in large measure, a lack of availability of credit and overall consumer confidence is a constraint to the achievement of an increase in the volumes of transactions at this stage of the market cycle".

The Group reiterated this message in a statement Friday morning and made a direct plea for mortgage more flexible.

He said: "regulation of mortgage lending further restricting capacity banks lend to the reasonable loan to value levels must be introduced sensitivity." "Irresponsible lending should be avoided, but there should be sufficient flexibility to enable working people who are able to meet their mortgage loan commitments and which are very important to acquire their own home, while providing a mechanism to support those who fall into difficulties."

Since the beginning of the year, Berkeley has acquired approximately 2,500 tracts of news, including the major sites of London, Westminster, Hammersmith Embankment, and a site of 1,000 new houses in Horsham.

Shares have increased by 1. 6pc in trade in the beginning, p 853.5.

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