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Actions of the housebuilder has elapsed - dragging other housebuilders, as its results for the first half confused dark data recent showing a fall in prices internally.

Rob Perrins, Director General, said that the housing market was robust in areas where production is limited and demand is led by buyers who can afford a mortgage loan to value low or do not need a whole. This trend is not just reserved for London and the Southeast, he explained, but areas such as York, Chester and Aberdeen.

Success of Berkeley, however, was motivated by London and the company has used the downturn as an opportunity to expand its acquiring in key areas of the capital. From 2004 to 2009, she bought only five sites in West London, but in the last month 20 purchased 17. "It's directed opportunity," said Mr. Perrins.

In the six months to 31 October, reserves sales increased Berkeley 20pc over one year and revenue growth of 290 million of ￡ in 2009 to 336 million from ￡. Profit before tax was ￡ 61. 6 m. society has also revealed that its net cash 317 m stack ￡ had been reduced to 253 million from ￡ during six months as 2,512 new plots of land have swallowed.

Mr. Perrins said House prices have been stable"showing"classic signs of bobbling the merits. However, he also expressed "of enormous interest" this planning, mortgage and environmental regulation may continue to restrict market and transaction volumes.

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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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