Value For Money: Social Housing Cost Per Unit Rises 12%

The regulator’s annual VfM report shows that the cost rose to £3,690 per unit (sector median) in financial year 2019, up from £3,290 in 2017 and £3,400 in 2018. Meanwhile, the median overall operating margin fell by 5.6 percentage points, to 25.8 per cent, while return on capital employed fell half a percentage point to 3.8 per cent, down from 4.3 per cent and 4.1 per cent in 2017 and 2018 respectively. The falling margins largely reflected increasing nationwide reinvestment into existing stock, lower receipts from first tranche sales in London and the South East, and the ongoing rent cut. Download the report from the RSH website.

https://www.gov.uk/government/publications/value-for-money-metrics-report?utm_source=2cc2b044-cad2-4afe-a93e-3208ed17f72d&utm_medium=email&utm_campaign=govuk-notifications&utm_content=immediate