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8. Result on property sales

The result on property sales can be specified as follows:

 

2023

2022

Result on property sales of investment property

10

6

Total

10

6

In 2023, Vesteda sold a total of 149 homes from its investment portfolio, consisting of 149 individual unit sales. The net result on property sales amounted to €10 million (2022: €6 million).

As indicated in the accounting policies, results from the sale of individual units are based on the book value, which is derived from a specific allocation of the last determined property value before the sale.