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Social Rented Housing: Sales

Volume 472: debated on Wednesday 5 March 2008

To ask the Secretary of State for Communities and Local Government what percentage of total revenue of registered social landlords in England and Wales was generated from sales of property in the latest period for which figures are available. (188870)

The global accounts 2006 published by the Housing Corporation (the regulator for housing associations in England) show that turnover for the social landlord sector was £9,061 million of which the surplus on sales of assets amounted to £536 million, 6 per cent. of the total revenue.

Due to the way various sales are disclosed within the accounts, it is not possible to arrive at the complete figure for sales of properties. Significantly, the surplus on sales figure stated above is the net result of revenue less cost and does not therefore reflect the full revenue from sales. In addition, housing associations derive revenue from the sale of shared ownership homes, a significant element of which is not included in the figure above.