Weak London market hits Catalyst surplus

By Joey Gardiner2019-10-08T10:06:00

Housing association reports 45% drop in surplus amid “challenging sales market”

London developing housing association Catalyst has revealed its annual surplus fell by 45% on the back of a weakening sales market for its new homes.

Releasing accounts for the year to March 2019, the registered provider said its surplus dropped from £54.7m to £30m as the number of homes it built dropped slightly, to 560.

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