<p>Vistry Group has seen an “excellent performance” throughout 2021 across all its business areas, it said today (January 12), with the business anticipating adjusted pre-tax profit for the year of around £345 million, matching its previous guidance.</p><p>This expected profit for the year ending December 31 2021 compares with FY 2020’s £143.9 million. Issuing a <span>trading u</span>pdate ahead of announcing the full results on March 2, the company said the group’s average weekly private sales rate per outlet increased to 0.76 during the period from the previous year’s 0.53.</p><p>Its Housebuilding division saw a “significant step up” in completions in 2021, totalling <span>6,551 units against 2020’s 4,652. Private units totalled 4,891 (FY20: 3,668). The average </span><span>selling</span><span> price of the units increased marginally to £304,000 against the previous year’s £303,000. Vistry said this reflected the increase in affordable units, from 2020’s 984 to 1,660. </span></p><p><span>Housebuilding’s gross margin is still expected to be “in excess” of </span>22% (FY20: 17.6%).</p><p>And Vistry Partnerships “made excellent progress” in rapidly increasing its higher margin mixed tenure revenues. During 2021, mixed tenure completions climbed <span>41% to 2,088. The average selling price of these grew to £229,000 from 2020’s £204,000.</span></p><p><span>The group noted its “strong forward sales position”, with total Housebuilding …