The CEO of the Regulator of Social Housing has warned of the “incredibly difficult” choices the sector will have to face in regard to issues such as rent setting and rising inflation.
Speaking at Housing 2022 – the Chartered Institute of Housing’s annual conference in Manchester – Fiona MacGregor spoke of the issues currently facing registered providers and of the issues they are likely to face in the coming months.
Among them, she said, are inflation, rising interest rates, supply chain issues, the impact of the rising cost-of-living on tenants, and stresses in the construction sector.
She said: “You are operating in very tough conditions at a time when the sector is being asked to do more.”
MacGregor went on to speak about future rent increases, highlighting the possibility that there may be some double-digits hikes.
“The choices you have over next year’s rent setting are incredibly difficult,” she said.
On Right to Buy, MacGregor said: “Be really mindful if you’re selling homes under Right to Buy of your tenants’ ability to maintain that ownership.”
Macgregor concluded by reminding the sector of its importance in the wider context of the country.
She said: “You continue to play an absolutely key role in helping to alleviate the country’s housing shortage.”
She added: “The key to success will be knowing your stock, knowing your tenants…”
Fiona MacGregor recently announced that she would be stepping down as CEO of the Regulator of Social Housing.
By the time she leaves the role in early 2023, she will have spent more than four years at the helm of the organisation.
Are you a social housing professional? Sign up for a FREE MEMBERSHIP to upload news stories, post job vacancies, and connect with colleagues on our secure social feed.