Trusted media brand of the Chartered Institute of Housing
Trusted media brand of the Chartered Institute of Housing
Housebuilder builds nearly twice as many affordable homes in first six months of the year
A rise in the number of affordable and private rented sector homes completed in the first six months of the year helped Countryside Properties boost turnover by 20%.
The housebuilder said last year’s acquisition of Westleigh and the framework agreement signed with Sigma Capital had helped ramp up total completions rose 43% to 2,362 homes – 8% excluding the impact of last year’s Westleigh acquisition.
“The main drivers of growth in the first half were affordable completions, up 80% to 938 homes, following the acquisition of Westleigh, and PRS homes up 68% to 608 homes, driven by the framework agreement with Sigma,” it said in a statement.
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