The Regulator of Social Housing (RSH) has published its quarterly survey results for private registered providers, covering April to June 2026. The report indicates that investment in the social housing sector remains robust, with landlords securing necessary funding for both new and existing homes.
A total of £4.3 billion was raised during the quarter, including £2.2 billion from bank lending. Investment in existing homes remained strong, with £2.4 billion spent on repairs and maintenance in the quarter. The total expenditure on repairs and maintenance over the past 12 months reached £9.7 billion, with a forecast spend of £11.1 billion for the next 12 months.
Investment in new homes saw a slight reduction to £3.1 billion in the quarter. However, the total 12-month forecast for development increased to £16.0 billion, which includes £5.1 billion for uncommitted development, marking a 16% increase from the previous forecast and the highest level in three years.
Cash interest cover, excluding sales but including grant for capitalised major repairs, reduced to 59% in the quarter. The RSH noted that the recovery in margins and interest cover is slower than previously forecast. Will Perry, Director of Strategy at RSH, advised landlords to adapt their plans to evolving operating environments and manage risks, liquidity, and covenant pressures proactively.