Co-Operative Housing 'Viable Option for Reluctant Renters'

Co-operative housing could help turn "reluctant renters" into home owners, according to a report launched at Co-operative Congress.  The Welsh Co-operative Centre commissioned the research following the Welsh Government's decision to back co-housing as a way to build affordable homes. The research found that “reluctant renters” – those priced out of the owner-occupied sector, but who do not need social housing – wanted a sense of ownership.  The findings highlight a low level of awareness of co-operative housing, but considerable interest in the co-operative approach among respondents who could not buy their own homes.  Most felt it important to have an equity stake in a development. However, affordability was considered more of a factor than equity.  Read more on the Co-operative News website.