Southwark boosts stock sales
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Southwark attempted to sell more of its social housing stock than any other social landlord last month, according to the latest monthly figures from Essential Information Group.
Essential Information Group, which collates data from all auctions across the country, revealed that the association made 19 properties available for auction in December, and sold 15 homes for £1.85 million.
Camden Council raised more than any other social landlord, selling the seven properties it made available at auction for £2.2 million.
The local authority had failed to put any of its housing stock up for auction in the previous month.
Peabody Trust continued to raise more than any other housing association, offloading all eight properties it made available for £1.86 million. This compares with the £1.48 million it raised last month after selling six homes.
| SOCIAL LANDLORD | HOMES OFFERED | HOMES SOLD | AMOUNT RAISED |
|---|---|---|---|
| Southwark | 19 | 15 | £1,848,000 |
| Peabody Trust | 8 | 8 | £1,853,500 |
| Camden Council | 7 | 7 | £2,195,000 |
| Springboard | 6 | 6 | £1,259,500 |
| Metropolitan Housing Trust | 6 | 6 | £1,749,500 |
| TOTAL RAISED: £26,727,000 | |||
| TOTAL RAISED BY HOUSING ASSOCIATIONS: £9,970,000 | |||
| TOTAL RAISED BY LOCAL AUTHORITIES: £16,757,000 |
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Readers' comments (1)
ILAG | 19/01/2010 12:53 pm
A sensible move from the political body at LB Southwark, and timely, given their housing officers recent performance over the fire "safety" regime. LB Southwark have a lot of book balancing to do if they are to exit the HRA without having other, more prudent, councils take on their £613.8m HRA debt:
http://www.insidehousing.co.uk/Attachments.aspx?attype=T&storycode=6505311&atcode=8106
£1.8 sold. Only another £612m to go. Do the borough and the taxpayer a favour, sell the rest and exit the sector.
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