Aster development and pre-tax surplus drops in first half of the year

Aster

Aster’s development of new homes has dropped by 24% and its pre-tax surplus has dropped by £4.7m

The Hampshire-based housing association has completed 402 new homes in the first half of the 2024/25 financial year, down from 533 homes in the same period in 2023.

In its half-year unaudited trading update, Aster reported a pre-tax surplus of £18.6 million for the first six months, compared to a pre-tax surplus of £23.3m at the end of September last year.

In 2023/24, Aster built 997 new homes, including 517 homes for affordable rent and 405 shared ownership, and 75 open market homes through our joint ventures.

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