Branch Secretary :

Savills: housing association profit margins increase

As Unite reps are discussing this year’s pay round with management further evidence confirms the remarkable profitability of housing associations.


Seriously impressive margins


Despite the government enforced cut in social rent, associations have actually boosted their margins in core social rent activities according to a new report from Savills.  As Inside Housing has reported, Chris Buckle, director at Savills Residential Research, revealed the sector had increased its core margins from 32.3% to 34.5% at the Social Housing Finance Conference last week, saying the sector’s achievements were “seriously impressive”.  There was no general difference between large and small associations although margins were highest in high rent areas in the south.


Unrealistic workloads


We have previously reported in detailed evidence from Moody’s and from Vantage Business Solutions  which also demonstrate that staff costs and repairs have been cut.  Of course we know both from our surveys of members, and from independant surveys, that staff feel that poorly handled restructuring and cuts mean unrealistic workloads and high stress levels.  Many workers in the sector are going further in to debt and we have reported on Inside Housing research that shows a deepening housing crisis affecting workers in the social housing sector.


No wonder workers at Torus Group are saying ‘enough is enough’! How is your pay claim going?



Paul Kershaw 10 May 2018


Before Posting

We welcome debate and discussion on our website, but we also want an open, respectful, inclusive space in which forms of abuse or personal attack will not be tolerated. Comments will be moderated and will be removed if they are found to be unduly offensive. You should also be very careful in posting information about your employer. Employers do visit the website and if you think a comment could get you into trouble for releasing confidential or sensitive information, or for bringing the employer into disrepute, please do not post it. It remains your individual responsibility to ensure that what you post is appropriate. Please therefore just give a moment's thought to what you are saying. The types of comments that are likely to be moderated are:

  • Personal abuse or attacks on an individual.
  • Information which breaches another person's right to confidentiality.
  • The use of offensive language, including swear words, or language which is racist, sexist, or otherwise breaches equalities standards.
  • Anything that might place the Branch or the wider union in legal jeopardy.
  • Adverts or information which is posted for commercial gain.

* Name
* Email (will not be published)
* field is required