Monday, 29 February 2016

Rise In Social Housing Tenants Planning To Buy Home

More than half of local authority tenants who would like to get onto the property ladder intend to buy their current home. The English Housing Survey also shows that the number of people owning their own home in the past year has remained static for the first time since 2003; with the Government claiming is a result of their home ownership initiatives. The number of social housing tenants who expect to buy their current home has risen from 35% in 2010-11 to 42% in 2014-15. The survey also showed that the number of properties failing to meet the government’s Decent Homes Standard has also fallen by 3.1 million compared to 2006. Read more on the Local Gov website.

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