£500m Rent Collection Bill for Social Sector

The social housing sector spent £500 million on collecting rent in 2011/12, according to Housemark. The provider of performance improvement and value for money solutions to the sector found this its members spent £300m during the period - almost £120 per property per year - and has estimated the cost to the sector as a whole at £1/2 billion. And Housemark has warned that the figure is set to rise in the wake of the government's welfare reforms.  Read more on the HouseMark website.