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15th July 2016
Tony Pidgley chairman of Berkeley Group, London’s biggest residential developer, said sales were "holding up" since the Brexit vote. “It doesn't feel…that the end of the world's coming", he added. The post-referendum period sparked a sell-off of shares in the housebuilding sector, wiping almost £9bn off the market value of the biggest firms, though there have been signs of stabilisation since. A spokesman from the Home Builders Federation also played down the effect of the vote, noting that reservation and sales figures since June 23rd were looking “really positive”.
The Sunday Times (10/07/2016) Property Week (14/07/2016)