The group’s operating profit also soared to £311.8m, a significant jump from the £212.5m seen the year before. 

In 2023, the group also successfully integrated Countryside, implemented a strategy to focus exclusively on its resilient partnerships model and delivered a robust performance relative to the wider sector, according to its report.

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 Vistry CEO, Greg Fitzgerald, commented: “The group is on track to deliver a strong growth in completions in 2024, targeting in excess of 17,500 units, underpinned by its forward sales position totalling £4.6bn, of which £2.1bn is for delivery in 2024. 

“We have seen a notable pick-up in demand from PRS providers in recent months, and the easing of mortgage rates at the start of the year has had a positive impact on open market demand.

“We are optimistic that this trend will continue during 2024.”

Ralph Findlay, chair at Vistry, added: “The Group starts 2024 in a strong position and is focused on delivering tangible progress against its medium-term targets in the year.

“The group holds a unique position within the UK’s evolving housing market, and with its strong leadership, is ambitious about its role in delivering much needed affordable housing to the country.”