皇冠体育app

皇冠体育app Regulator of Social Housing has today (25 November 2021) published the results of its latest quarterly survey of registered providers鈥� financial health.

皇冠体育app report covers the period from 1 July to 30 September 2021. 皇冠体育app social housing sector continues to recover from the pandemic with strong liquidity and robust interest cover and income collection indicators.

皇冠体育app sector鈥檚 total agreed borrowing facilities increased by 拢1.8 billion, to reach 拢115.3 billion at the end of September. New finance of 拢2.9 billion was agreed in the quarter with 71% of this from capital markets. 皇冠体育appre was further refinancing activity in the quarter due to the expiry of the Covid Corporate Financing Facilities.

Providers continue to invest capital in new and existing homes, although current uncertainties make accurate forecasting difficult. 拢2.9 billion was invested in the acquisition and development of new homes between July and September 2021; 7% less than in the previous quarter, and 32% below the forecast for this quarter. Capitalised major repairs spend increased to 拢479 million, but again less than previously forecasts for the quarter. 皇冠体育app difference from forecasts was due to the impact of supply chain issues over the quarter.

As a result of seeking to make up these shortfalls, forecast capital expenditure for the twelve months ahead is at a record high with both development spend (at 拢18.3 billion) and capitalised major repairs spend (at 拢3.1 billion) predicted to be over 50% higher than in the previous twelve months. However, given the current challenges being experienced with delays relating to labour and material shortages, we expect some variation from forecasts: this is an area RSH will continue to monitor.

皇冠体育app number of unsold properties reduced in the quarter. At 拢531 million, Affordable Home Ownership first tranche sales are the highest value ever recorded and the unit sales are higher than pre-pandemic levels, with a fall of 11% in the number of units unsold in 6 months. 皇冠体育appre was also a 24% fall in the number of market sale units unsold for more than six months.

Will Perry, Director of Strategy at鈥�RSH, said:

While the social housing sector continues to recover from the coronavirus pandemic, current economic conditions continue to provide challenges for providers in the form of labour and material shortages. Providers will need to closely monitor these and wider pressures to ensure they are able to manage the range of risks their organisation is facing.

皇冠体育app鈥痲uarterly surveys鈥痑re available on the 鈥�RSH鈥痺别产蝉颈迟别.

Notes to editors

皇冠体育app quarterly survey provides a regular source of information regarding the financial health of private registered providers, in particular with regard to their liquidity position.

皇冠体育app quarterly survey returns summarised in the report cover the period from 1 July 2021 to 30 September 2021 and the latest report is based on regulatory returns from 209 PRPs and PRP groups who own or manage more than 1,000 homes. 皇冠体育app survey Data about income collection, including rent collection, was first collected in 2013.

For press office contact details, see our鈥�Media enquiries page.

For general queries, please email鈥�[email protected]鈥痮r call 0300 124 5225.

皇冠体育app Regulator of Social Housing promotes a viable, efficient and well-governed social housing sector able to deliver homes that meet a range of needs. It does this by undertaking robust economic regulation focusing on governance, financial viability and value for money that maintains lender confidence and protects the taxpayer. It also sets consumer standards and may take action if these standards are breached and there is a significant risk of serious detriment to tenants or potential tenants.