8. Result on property sales
The result on property sales can be specified as follows:
Result on property sales of investment property
In 2022, Vesteda sold a total of 157 homes from its investment portfolio, consisting of 109 individual unit sales and one complex sale consisting of 48 units. The net result on property sales amounted to €6 million (2021: €16 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.