Third quarter revenue up 187% on same period last year

Countryside saw completions of new homes top pre-pandemic levels in the three months to June this year, the firm said this morning.

The housebuilder, which earlier this month pledged to wind down its private housebuilding business in favour of expending its partnerships housing operation, said in a third quarter trading update that it completed sales of 1,096 homes in the period.

Countryside Sigma Beam Park

Countryside will release its annual results in November

This is more than double the 449 homes finished in the pandemic-hit equivalent quarter of 2020 but is also 4% up on the 1,055 homes built in the same quarter in 2019. The firm has now completed 3,686 homes this financial year, up 36% on 2020.

It said revenue for the period – the third quarter of its financial year to September – hit £287m, a leap of 184% on the covid hit period in 2020.

Countryside is due to announce its 2021 results on 18 November.