Countryside boosts profit following affordable and PRS homes drive

Countryside Properties has announced an 11% profit boost, with a greater number of affordable and PRS home completions driving growth. In its 2019 H1 results, the housebuilder reported that its operating profit had grown to £563.7m from £468m in the previous comparable period. The number of completed homes increased by 43% to 2,362 homes this year compared with 1,655 the year before, mainly due to an increase in the number of affordable and PRS new home completions. Affordable home completions were up 80% to 938 homes (compared with 520 homes in 2018) following the acquisition of Westleigh. PRS home completions