Notting Hill Genesis has become the latest housing association to report a steep drop in sales income as its surplus for the first half of the year fell by nearly 80%.

The 66,000-home association reported a surplus of £18.3m for the first six months of the financial year, down from £87m for the same period in 2022.

The figure was impacted by a drop in income from home sales, decreasing from £67.5m to £12m as it sold 41 homes compared to 242 the previous year.