L&Q’s annual completions have fallen 11% year-on-year to its lowest determine in additional than a decade.
In an unaudited buying and selling replace these days, the G15 landlord reported finishing 2,055 houses within the 12 months, down from 2,316 the former 12 months.
The drop used to be anticipated as L&Q has switched to bettering current inventory.
It prior to now introduced a decreased goal of two,069 houses within the 12 months, down at the 2,316 finished remaining 12 months, a determine which itself used to be the bottom for a decade.
However L&Q did greater than double its begins from 519 to one,250, the vast majority of which have been later stages of current traits.
The gang greater its spend at the upkeep of current houses from £396m to £424m.
L&Q will post its complete, audited accounts for 2025/26 later within the 12 months.
