Vistry Reports Strong Performance and Share Buybacks Amid Rising Affordable Home Sales

The UK homebuilder's focus on affordable housing aligns with government targets, boosting profits and forward sales.

Vistry completed 7,792 home sales in the first half of the year, a 9% increase year-on-year.
The company's pre-tax profit rose by 7% to £186 million, with revenue reaching £2 billion.
Vistry plans to repurchase £130 million in shares as part of a larger £1 billion return to shareholders.
Forward sales increased by 19% to £5.1 billion, positioning the company well for future growth.
Vistry's partnerships with local authorities and housing associations drive its success in the affordable housing market.