Social housing assets
The Council is required to publish details of the value of social housing assets held within its Housing Revenue Account.
Stock-holding councils are under a statutory duty to account separately for their housing stock in their Housing Revenue Account using the "Existing Use Value for Social Housing" (EUV) as defined by Royal Institution of Chartered Surveyors (RICS). This valuation approach is used as it reflects that the properties are social housing with tenants and that this reduces their value, compared to a market value which would be based on vacant sale.
Publication of this information is not intended to suggest that tenancies should end to realise the market value of properties.
Last updated Wednesday, 31st May 2017