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8. Result on property sales

The result on property sales can be specified as follows:

 

2022

2021

Result on property sales of investment property

6

16

Total

6

16

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.