Vistry (LSE: VTY) is the name on which I recently focused on my actions and ISA actions. And I expect me to buy until the end of the year.

After a decrease in 48% during the year, the shares look affordable. But I think there are some mighty reasons to think that the company could do very well in 2026.

Housing in Great Britain

At the moment, the real estate market in Great Britain is in a complex situation. Despite the mortgage rates at the lowest level in three years, the sales indicator to reserve levels has recently dropped.

Source: JP Morgan a guide to the Q4 2025 markets

There is an obvious reason. The budget is coming in November and there is a lot of speculation about how the chancellor will meet.

A kind of tax escalate is expected, but there is still a lot of uncertainty. And what is understandable, causes people to carefully take out immense loans for the purchase of houses.

However, until 2026, things should be much clearer. So I hope that this will lead the real estate market because it will be easier for people to make purchasing decisions.

Profit warnings

An improving real estate market should facilitate in home construction around the world next year. However, there are reasons to think that Vistry is a particularly attractive candidate.

The company dealt with tiny -term problems that are completely own. Decons of errors in one of his departments meant a significant hit with profits in the budget year in 2024.

They are continued, but the effect should be much lower in 2025 and 2026. The cost in 2025 should be around 30 million pounds – compared to 91 million GBP – and then 5 million GBP in 2026.

That is why Vistry is the construction of a house where I concentrate now. I think the combination of expanding margins, while revenues can be powerful for the company and shares.

Risk

Instead of building houses for sale on the open market, Vistry focuses on cooperation with housing associations and local authorities. I like this strategy, but it is associated with my own risk.

The most obvious is that the company is more dependent on the financing of the public sector. Although the government wants to support inexpensive housing projects, this cannot be guaranteed.

Selling real estate to partners who buy looseness can also create challenges when it comes to price strength. And this is a defect of a guaranteed scraping that is associated with the Vistry model.

However, it is positive that the company has lower capital requirements than other builders. And ultimately I expect that it will be an advantage when it comes to cash returns for shareholders.

I am a buyer

Unlike other UK builders, Vistry does not pay dividends. On the stock exchange, where the shares of house builders have high profitability, this may mean that it is under the radar.

However, I think that the actions are currently more attractive. In the near future I expect lower costs and improving the real estate market to ensure a immense escalate.

I also see the company’s business model as a unique strength in the long term. That is why I want to add to my investment, stored in my actions and ISA actions before the end of the year.