Wednesday, 27 May 2020

Social Housing Rent Arrears Up £100m Since Coronavirus Outbreak


New data from HouseMark estimates that the level of unpaid rent is £100m higher than it would be at this stage when compared against previous years, with this being attributed to the coronavirus crisis. The report illustrates how the pandemic has affected social landlords’ finances and operations, it shows that in April alone median arrears increased by 10%. This means that on average landlords missed out on 3.29% of their total rental income for that month. The figures are based on a survey of 131 social landlords managing nearly 1.4 million homes, with arrears losses projected across the whole sector. Read more on Inside Housing.


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