(Reuters) - British high-end homebuilder Berkeley lifted its earnings outlook by 5% for fiscal year 2025 on Wednesday and said that the current lack of urgency in the housing market was likely to remain until the start in reduction of interest rates.

Berkeley, which focuses mainly in London, said pre-tax profit for the year ended April 30 came in at 557.3 million pounds ($708.4 million), down about 8% from a year earlier and above analysts' average expectations of 549.5 million pounds, according to LSEG data.

($1 = 0.7867 pounds)

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Rashmi Aich)