8. Result on property sales

The result on property sales can be specified as follows:

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.