Housing investor ReSI plc has seen the value of its stock of shared ownership homes fall by a tenth in just three months in the wake of the market turmoil sparked by the mini-Budget last September.

The listed investment trust – part of a group of companies backed by Gresham House which support housebuilding by investing institutional money into shared ownership housing – said in a quarterly update to the City that its net asset value had declined by 9.9% between September 30 and December 31 last year.

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