Asset sales reliance
Profits from sales pass £1bn mark but rise just 3% as proportion of housing associations’ net surpluses.
Market-related, shared ownership and asset sales provide £855m of profits.
Shared ownership first tranche sales and market activities increased by 42 per cent in 2012/13 while asset sales represented a quarter of HA total net surpluses.
This report looks at the sector’s reliance on asset salesand the contributions of shared ownership and build-for-sale to registered provider (RP) net surpluses.
How sales subsidised some landlords’ bottom line in 2010/11.
Offices and non-core properties see greatest impairment
Housing associations incurred £45.5m of impairment charges across almost 2 million units as planning delays impacted some development plans.
Our headline figures for impairment in 2011/12 show this measurement of lost value falling to its lowest level since 2007 (when Social Housing magazine started tracking it).
Largest annual write-down was Genesis’s £20.7m, taking it to £39m total impairment over the past four years.
Sector-wide write-downs were down slightly from previous year’s high of £158 million, at 8 per cent of operating surpluses
Investment in new build and major refurbishment up 8%
Contracted future work in 2013/14 increased by 29% in the UK, while £8.3bn was available to contractors.
After two years of decline, HAs have posted a 13 per cent rise in capital commitments with £7.5bn available to contractors
Capital commitments across the UK housing association sector have fallen for a second consecutive year.
In-depth analysis of landlords’ spending plans, including the highest spenders.