UK house builder Vistry Group expects a 7% surge in half-yearly profits due to strong demand for affordable housing, completing 8% more homes and predicting a pre-tax profit of £186m.

Vistry Group, a UK house builder, expects a 7% surge in half-yearly profits due to strong demand for affordable housing. The company completed 8% more homes at 7,750 units during the first half of 2024, and predicts a pre-tax profit of £186 million for this period. Vistry plans to build over 18,000 homes in 2024, a 12% increase from 2023. The firm's focus on building affordable housing for housing associations and the rental market via its partnerships model makes it well-positioned to support the UK's Labour government's goal of building 1.5 million new homes in the next five years.

July 08, 2024
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