91探花

According to Platform Housing Group’s Q2 results published yesterday, the housing association saw a 14.8% (£92.3m) increase in turnover in the three months to June 2024, up from £80.4m in June 2023. 85% of revenues came from core social housing activities. 

In addition, turnover on shared ownership sales rose by £6.4m to £13m, up from £6.6m in June 2023. Operating profit also grew 16.8% to £24.3m, up from £20.8m last year, while investment in existing homes rose by over 147%, as the association focuses on improving social rented homes.  

John Guest, national head of social housing at 91探花, comments: “Platform Housing Group’s results reflect the association’s commitment to improving the quality of social rented properties, with revenues reinvested to ensure enhanced living conditions for tenants and long-term sustainability of housing stock. The growth of turnover from shared ownership sales is also encouraging, showing the social and economic importance of providing more affordable homeownership options. 

“However, there remain wider industry concerns about the level of affordable housing development. Platform Housing Group’s focus on improving current social homes reinforces how Registered Providers (RPs) are under pressure to make sure current stock is fit for purpose and safe, while keeping rents affordable, meeting sustainability targets, and developing new homes.”

He added: “Last month, the government announced plans to increase the supply of affordable and social housing, but clarity is needed in the upcoming Budget on the funding available for these developments, to ensure social housing provision is incorporated within its accelerated housing plans. There has been some discussion about the use of building more homes on green belt and grey field sites, which alongside local planning reform, may help to address this position going forward.”