Vistry Reports 7% Profit Increase Driven by Affordable Housing Demand
The housebuilder's partnerships model and new government policies boost performance despite broader market challenges.
- Vistry's half-year pre-tax profit rose to £186 million, reflecting a 7% increase from the previous year.
- The company completed 7,750 homes in the first half of 2024, an 8% rise from the same period in 2023.
- Forward sales jumped 21% to £5.1 billion, indicating strong future performance.
- Vistry plans to build over 18,000 homes this year, up from 16,118 in 2023.
- The new Labour government's housing policies are expected to further support Vistry's growth.