Level Of Affordable Lettings Drops For Third Year In A Row

The level of affordable rent lettings by housing associations in England has dropped for a third consecutive year. At the same time, the average affordable rent rates across the country in 2018/19 saw marginal change on the prior year, with swings of between one and two per cent up or down across most regions. One exception was in the South East where average rent rates decreased by more than four per cent to £150.99 per week. In contrast, this region last year saw a near-eight per cent increase in affordable rents. The other exception was in the North West, where affordable rent was static at £102.73. Read more on the Social Housing website.

https://www.socialhousing.co.uk/insight/special-report-level-of-affordable-lettings-drops-for-third-year-in-a-row-67099?utm_source=Housing60&utm_medium=email&utm_content=article_link&utm_campaign=H60