Stock rationalisation and social housing landlords
Guest blogger, Shaun Aldis, director of property services at Wolverhampton Homes, will be at our flagship asset management conference Homes 2012. He gives us an insight into one of the topics he’ll be debating – the ethics of selling property and displacing people to raise money to fund future developments.Stock rationalisation and the ethics of selling off property and displacing people to raise money to fund future developments has been much covered in the news recently. It’s something the sector and national media are engaging with as never before,
Decisions relating to stock investment have never been more prevalent. The current climate requires asset managers to gather a raft of stock intelligence to facilitate informed investment decisions. However, not all stock is an investment with many asset strategies falling short on proposals for maximising disinvestment and new build opportunities.
This necessitates the need for developing individual property appraisal tool kits. These tool kits consider more than the bricks and mortar, and clinical economic theories but take into account the impact of the wider community.
They facilitate scenario planning: a what if approach, looking at sustainability, tenure, quality of life, landlord presence and social demographics.
What concerns me is that we shouldn't forget our purpose - not for profit. So, why do so many landlords look at the bottom line and feel selling the most expensive or isolated stock off to buy back or fund new development is right? Is it about market share at the expense of a presence in an area?
Hear more from Shaun when he debates the hot topics with other leading figures in housing, at Homes 2012 on 14 – 15 November. Book your place today