Provider seeking to build 1,000 homes a year says demand for shared ownership strong despite sales income drop
Amplius has increased its starts 7%.
The 39,000-home housing association in its annual financial statements said it started work on 1,042 homes in the year to 31 March 2026, up from 975 the previous year.
The provider, which has its headquarters in Milton Keynes, also confirmed previously announced figures that it marginally increased annual completions from 896 to 909, although this was below its stated ambition to build 1,000 homes a year.
Amplius’ audited accounts also confirmed its turnover dipped from £297.2m to £291.9m. The group increased its social housing lettings income by £9m to £240m. However this was offset by a £12m fall in shared ownership first tranche sales income and a £3m fall in market sales revenue.
The group earlier this summer said shared ownership first tranche sales had fallen due to development delays.
Amplius said “demand for shared ownership remained strong, with most homes reserved off plan, despite continued uncertainty in the wider housing market.”
Amplius, formed by a merger of Longhurst Group and Grand Union Housing in December 2024, has set out a 2025-2030 development strategy of delivering at least 1,000 a year focused on its core geography of 15 councils.
The group increased its overall surplus from £34.4m to £48.8m and its operating surplus from £85m to £99m.
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