British homebuilder Berkeley said the extensive regulatory changes taking place in the country's housing sector were putting substantial pressure on new home deliveries as it reported a modest improvement in homebuyer demand on Friday.

Berkeley Group Holdings Plc warned that the “extent and pace” of regulatory changes in the UK place significant pressure on the delivery of new homes, potentially impeding the government’s housing goals.

(Reuters) -Homebuilder Berkeley voiced concerns on Friday over the fast-paced and extensive regulatory changes in the UK housing sector, saying these alterations are placing substantial pressure on its new home deliveries.

Berkeley said regulation on the construction of homes has increased recently, particularly in light of the Grenfell tragedy.