Flagship Housing Group reports lower surplus as investment property value drops

By Carl Brown2023-09-19T11:39:00

Norwich-based housing association hit by rising interest and building safety costs

Flagship Housing Group has reported a 17% drop in its annual surplus.

The 32,000-home association, in its annual financial statement for the year to 31 March, reported a surplus of £49.2m, down £10m on the £59.2m for the previous year and £14.8m lower than it budgeted for.

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