Karbon increases development but sees margins squeezed due to hike in repairs costs

newcastle upon tyne 2

Newcastle-based landlord builds 644 homes in 2023/24

Karbon has increased its development by 21%.

The Newcastle-upon-Tyne based housing association, in its financial statements for the year to 31 March, said it completed 644 homes in 2023/24, up from 529 last year.

 Karbon Homes operates across the north east of England and Yorkshire

The 644 homes were all for social housing tenures, with 469 for affordable rent, 82 for social rent and 93 for low-cost home ownership.

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