The average cost of maintaining a social housing unit has risen to a record-high of more than £5,000 per unit, a new Housemark report has revealed.

In 2023/24, social landlords spent 11% more on maintaining properties to ensure they meet regulatory standards compared to the previous year.

Housemark attributes the increase to the ongoing effects of inflation, supply chain disruptions, and ongoing investments in existing housing stock to ensure safe, high-quality homes for tenants.