UK house price growth slows to 1.9 per cent in May July 19, 2023 The average price of a UK house cost £286,000 in May, according to new government data, with the figure being £6,0000 up on 12 months ago – but £7,000 below its September peak. Average UK house prices increased by 1.9 per cent in the 12 months to May 2023, down from a revised 3.2 per [...]
Vistry reports strong half year financials with revenue of £1.1bn September 7, 2021 Vistry Group PLC has reported financials “significantly ahead” of expectations for the first half of 2021, with revenue of £1.1bn. The Group, which builds new homes, saw revenue surge by 82 per cent compared to the same period last year while adjusted revenue climbed by 4.3 per cent compared to 2019. Profit before tax jumped [...]
Land bank at Vistry surges amid housebuilding push July 7, 2021 London-listed housebuilder Vistry rapidly expanded its land bank over the last year as it ramped up home building activity. The firm increased its controlled land bank by c.1,600 over the last 12 months, it said in a trading updated published today. The firm also acquired 5,642 new plots over the same period. Read more: House [...]
Vistry raises profit target to £325m as housing demand remains high May 17, 2021 Vistry today said its annual profit will come in higher than expectations as the housing sector benefits from a surge in demand. The housebuilder said it had a “very positive start to the year”, securing an average weekly private sales rate of 0.75, up 21 per cent on 2019. Vistry expects to complete around 6,500 [...]
Vistry launches buyback as revenue boosted by affordable housing push March 14, 2024 Vistry has reported a rise in revenue during the full year as its transition to affordable housing appears to be paying off.
Vistry’s share price jumps 15 per cent as it sets out new affordable homes focus September 11, 2023 Shares in Vistry jumped 15 per cent this morning after the housebuilder said it will now solely focus on building affordable homes.
Vistry flogs £800m worth of units to Blackstone funds in pivot to affordable homes November 7, 2023 Vistry has sold £819m worth of homes to Leaf Living and Sage Homes, both backed by alternative asset management giant Blackstone, as the company shifts to becoming a solely affordable housebuilder.
Vistry and build-to-rent giant Sigma extend partnership to meet surging tenant demand February 14, 2024 The firm said today it has entered an agreement with build-to-rent specialists, Sigma Capital Group to deliver the quota across a number of UK regions over the next five years.
Barratt expects higher profits as home completions increase July 14, 2021 Barratt expects profits to be at the “top end” of market expectations, it announced this morning, amid a boom in home completions. The housebuilder delivered 17,243 homes in the year ended 30 June 2021 – 5,000 more than the year before, according to the company’s trading update. Despite the pandemic Barratt built more homes than [...]
Almost all UK housebuilders’ revenues fell as fewer homes built during covid July 13, 2021 Only one of the biggest housebuilders in Britain has seen an increase in its revenue and built more homes in 2020, new research shows. The latest research from Warwick Estates has revealed that Vistry Group was the only major house builder which saw improved performance in terms of the number of houses delivered, and in revenue. The [...]