Figures from commercial law firm EMW reveal there was a
total of 42 mergers between housing associations in 2018. The analysis further
states that this brings the total number of deals in the last five years to
171. Housing associations are said to have been undertaking mergers as a way of
cutting their cost base to deal with reduced government spending on social
housing. Figures from the National Housing Federation show the government’s
capital commitment towards building homes plummeted from £11.4bn in 2009 to
just £5.3bn in 2015. The analysis added that, by merging or amalgamating,
housing associations can remove duplicated back office costs in areas such as
IT and HR. Read more on 24housing.
https://www.24housing.co.uk/news/42-social-housing-mergers-completed-last-year/
Eight in 10 homes in London’s poshest postcodes now sell below asking
price, Coutts finds
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Sellers in areas such as Belgravia and Mayfair face hundreds of thousands
of pounds in losses as property prices fall
Eight out of 10 properties in Londo...
9 hours ago
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