More Than One In Six Social Homes ‘Uneconomical’ To Upgrade To Net Zero

In its annual Housing Sector Survey consultancy Savills identified a significant shift towards investment in existing homes. A poll of 138 social housing providers found that 30% expect the need to increase spending in current stock to affect their development programmes. Stock investment, driven by the building safety and zero-carbon agendas, was cited as a top priority by 85% more respondents than in the 2020 survey. Those which have crunched the numbers expect an average cost of £20,600 per home to get their housing stocks to net zero, the research found. But 37% of providers have not yet factored these huge costs into their business plans. Read more on Inside Housing.

https://www.insidehousing.co.uk/news/news/more-than-one-in-six-social-homes-uneconomical-to-upgrade-to-net-zero-research-finds-72443 

Housing Sector Pay Predicted To Rise

Pay in the housing sector is predicted to rise by an average of 2.5% in 2020/21, according to a survey of almost 60 housing organisations. Sector recruitment, HR, and governance specialists ema consultancy has asked for their pay-reward information each year, for the last three years. This year’s survey saw the highest number of participating associations and revealed plans to increase pay in the range of 2% to 3% with an average of 2.5% – compared with an average pay award in 2019 of 2.3%. Nearly a third are still debating their pay award, potentially due to Brexit and wider political uncertainty. Read more on 24housing.

https://www.24housing.co.uk/news/housing-sector-pay-predicted-to-rise-by-an-average-of-2-5-in-202021/