RSH publishes its quarterly survey for Q1 April to June 2026
Summary
The Regulator of Social Housing has published its Q1 2026 quarterly survey of private registered providers, showing continued sector investment and strong spending on repairs, maintenance and development. The report also notes slower-than-forecast recovery in margins and interest cover, with RSH continuing to monitor liquidity, covenant risk and exposure through non-registered entities.
Why it matters
Residential surveyors working with social landlords should note the scale of ongoing investment in existing homes, new development and building safety-related funding. The findings also indicate continued financial pressure points that may affect asset management priorities, maintenance programmes and delivery risk.
Key points
- £4.3bn was raised in the quarter, including £2.2bn of bank lending.
- Repairs and maintenance spending reached £2.4bn in the quarter and £9.7bn over the past 12 months.
- Forecast 12-month development spend increased to £16.0bn, including £5.1bn of uncommitted development.
- Cash interest cover fell to 59% in the quarter to June 2026.
- RSH will continue to monitor weaker providers, liquidity risk and loan covenant compliance.
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