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BKGFY - Fully Priced For A Nervous Premium Property Market: Berkeley Group Plc
Berkeley Group Holdings ADR
There’s movement in the U.K. property market again as it slowly comes out of lockdown. As debate goes on about where the property market is going, property developers have come under increasing pressure amidst fears that a hard economic landing will lead to a stalled property market and possible price decreases.
Berkeley Group (OTCPK:BKGFY) is one of a number of housebuilding groups in the U.K. which often gets a good reputation. While indeed I think it’s a good company, the current price already reflects that and so a hard landing in the property