Landlords set to profit as tenants forget about home ownership

News Category: Industry News

This article was brought to you by Rentman the premium rent management software.

Landlords across the UK received good news today as a Tenant Services Authority (TSA) survey revealed that a mere 12 per cent of social housing tenants want to own their own home.

Only ten years ago the same figure stood at 32 per cent but huge property price rises in the intervening years, coupled with the current economic uncertainty are factors believed to be behind the decline.

In 2008/09 right-to-buy sales fell by 75 per cent, with local authority income from sales falling from £934 million in 2007/08 to just £234 million, according to Inside Housing.

The research also revealed that 81 per cent of tenants were satisfied with the work of their landlords.

But TSA chief executive Peter Marsh said that, although the results were encouraging, there was still room for improvement.

"One in five tenants feel that their landlord takes no notice of their views, and 18 per cent of supported housing tenants – those who are vulnerable and need additional help – want to move because of poor services," he said.

He said that landlords should have a greater focus on these issues.

More than 21,000 tenants were interviewed for the survey.

See how a property management system makes property management easy