PROPERTY: The Biggest Challenges Facing The Social Housing Sector -Sep Social Housing Series With Neil Goodrich Episode 4

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In this episode, Rob sits down with Neil Goodrich to finish off their 4-part series about the state of social housing in the UK. They round things up by discussing the many challenges the sector is facing, including some of the changes they are making to navigate what many in the industry are calling the “perfect storm.”
Rob uses his EPC expertise to talk through the practicalities of upgrading social housing to make it more environmentally friendly.
KEY TAKEAWAYS

  • The sector is in a very tricky situation. Both internal and external factors are having an extremely negative impact.
  • The cost-of-living crisis is having a significant impact on the social housing sector.
  • Even if social housing organisations raise rents to reflect higher costs, the situation their tenants are in means that most of them will end up getting into deeper rent arrears.
  • Changes in legislation will require most organisations to make significant changes to their housing stock, which means a lot of capital expenditure.
  • The way EPC ratings are being handled is a classic case of “good idea, bad idea when it is in action.” Why is explained in the podcast.
  • There is probably going to be a drop in the number of units built by housing associations.

BEST MOMENTS
‘As a sector, we have come off of a multi-year cut in the rents that we can charge.
‘That requires massively upgrading a large amount of our stock by better insulating, putting in more efficient windows and doors…..’
‘We are coming up to the last decade of gas boilers being installed by default into properties, yet you still have this bizarre incentive to retain them.
ABOUT THE HOST 
Rob Smallbone, the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?
Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.
Buckle up, sit tight, and enjoy the ride that is life.
EPISODE RESOURCES
Neil Goodrich Twitter: @NGoodrichHsg 
Housing - https://www.insidehousing.co.uk/
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