Home builder Berkeley Groupís net asset value per share rose by 5.3% to £1.06 per share in the six months to the end of October. Pretax profits climbed by 19.2% to £169.5m during the period on the back of strong domestic demand for housing and rising house prices. However, the companyís share price fell by 14p yesterday to £22.82 following the news that foreign investors would be charged capital gains tax on residential properties in yesterdayís Autumn Statement. The governmentís Help to Buy Scheme had a muted impact on sales, being used on 117 deals since its launch. Berkeley estimates that Help to Buy will be used on only 5% of all transactions while the scheme runs. The company also announced that it would pay out a dividend of 90 pence per share (£117.9m) to shareholders in January. Berkeley invested £278m in new sites in London during the six months, including a 10-acre redevelopment site in White City, a site in Battersea and two sites on the Albert Embankment. firstname.lastname@example.org
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