In its latest trading statement, the partnership homes specialist said the group remained on track to deliver year-on-year profit growth for 2025.<\/p>\n
Vistry said demand from registered providers and councils has continued to strengthen since September, with several new partner-funded deals expected to conclude in the final quarter.<\/p>\n
The group highlighted early signs that the government\u2019s affordable housing support measures and its \u00a32bn grant injection were translating into new opportunities.<\/p>\n
Vistry has already begun allocating a \u00a350m grant from Homes England secured earlier this year to accelerate delivery of new schemes.<\/p>\n
Chief executive Greg Fitzgerald said: \u201cRecent interactions with partners and Government demonstrate an appetite for increased pace in the affordable housing sector and reinforce our optimism for the years ahead.<\/p>\n
\u201cWe remain well positioned to play a key role in the delivery of the Affordable Homes Programme and in supporting the broader growth ambitions for the sector.\u201d<\/p>\n
Its forward order book remains steady at \u00a34.3bn as build-out continues across active sites, supported by a rising sales rate of 0.81 since July \u2013 up 11% on last year.<\/p>\n
Open market sales have seen a slight improvement but remain subdued amid wider economic uncertainty.<\/p>\n
The group expects to reduce net debt by year-end as cash performance improves.<\/p>\n
\u00a0<\/p>\n<\/p><\/div>\n
<\/p>\n