England’s 160-plus local authority landlords have not exactly been short of challenges in recent years: the 1% annual rent reduction from 2016-2020, coupled with the struggle to grow new housing delivery capacity from a standing start, has caused many council leaders to revise their plans.
Despite this, Savills’ annual analysis of Housing Revenue Accounts (HRAs) shows that English councils have been starting to invest – borrowing having risen each year since 2019 to £27 billion in 2022.
Want full article access?
Receive The MJ magazine each week and gain access to all the content on this website with a subscription.
Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.
Already a subscriber? Login