BEST-IN-CLASS HOUSEBUILDER? Berkeley operates at the premium end of the market and is focused on the south-east of England, which is something of a double-edged sword. Its target market may be more insulated from the worst of the current pressures but at the same time even higher earners may balk at committing to the purchase of a £700,000 house. RUSS MOULD, AJ BELL

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