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RSH publishes results of quarterly survey
The Regulator of Social Housing (RSH) has published the results of the latest quarterly survey of private registered providers’ financial health.
According to the figures, providers are investing record amounts in existing homes, with spend on repairs and maintenance totalling £2.1 billion in the quarter. In the year to September they spent a total of £8.4 billion. A further £9.6 billion is forecast for the next 12 months.
The results also show that providers invested £3.2 billion on building and acquiring new homes - this is down from £3.5 billion in the previous quarter.
The regulator said that it will continue to monitor and engage with providers, particularly those that have a reliance on sales to support their cashflows.
Will Perry, director of strategy at RSH, said: "Providers are continuing to invest record amounts in existing homes, including on critical health and safety priorities such as fire safety and damp and mould.
"Many landlords are grappling with tighter financial headroom but the sector overall is still continuing to build new homes for the future.
"Effective financial governance and cashflow management is essential to enable landlords to avoid difficulties and continue to deliver for their current and potential tenants.
"These quarterly surveys, alongside our inspection programme and annual stability checks, play a vital role in our scrutiny and financial regulation which is key for maintaining confidence in the sector.”
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