​Sanctuary completions drop as it moves into surplus

Sanctuary has reported a 6% drop in its annual completions.

The 125,000-home housing association, in a short unaudited update today, said it completed 790 homes in 2025/26, down on last year’s total of 838 homes.

Its homes completed for social housing tenures fell by 41 from 570 to 529, while its open market sale homes dropped from 179 to 112. This was offset by an increase in shared ownership completions from 83 to 149.

The provider said it expects to move back into the black this year, with a surplus of around £62m. This followed a deficit of £30m the previous year due to property revaluations and a development write-down.

Sanctuary said its revenue for 2025/26 was £1.2bn, up slightly on last year’s figure, while its operating surplus has increased from £226m to £231m.

The group said its OneProperty integrated repairs system has been rolled out and has “brought further efficiencies in responsive repairs and maintenance, increasing first-time fix rates, improving the use of materials and strengthening quality control”.

Sanctuary will publish it full, audited financial statements later in the year.