The largest reduction in costs for housing associations
over the year was in major repairs, on which providers spent £2.1bn in the
financial year – 14% less than in 2016, when they spent £2.4bn. Management costs,
meanwhile, fell from £2.8bn to £2.6bn. This is twice as big as the decrease in
major repairs spending that Inside Housing found at the start of the year in an
exclusive survey. The HCA’s Global Accounts report said this was “to compensate
for the rent reduction”, though it also forecasted that major repairs spend
would increase again over the next few years. Download the report from the HCA
website.
The EU’s ‘right to repair’ rule is truly radical – British builders should
copy it wholesale |
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The construction sector accounts for 62% of waste: that could be
drastically cut if we chose refurbishment over demolition
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