Magazine article Public Finance

RSL Tenants Not Interested in Owning Homes, Says TSA Survey

Magazine article Public Finance

RSL Tenants Not Interested in Owning Homes, Says TSA Survey

Article excerpt

Tenants in social housing are turning their backs on home ownership, a survey has revealed.

Just 14% of council and housing association tenants questioned by the Tenant Services Authority aspired to own their home, while 2% said they would rent privately if they could afford it.

The TSA survey of 21,000 tenants in England is the second major study published by the authority this year. Its earlier survey of 26,000 tenants, published in June, also found general satisfaction with social landlords.

Previous surveys of housing association tenants, carried out between 1995 and 2004 by the Housing Corporation, found that as many as 32% desired to become property owners.

The TSA's latest survey, published on September 21 and including local authorities and arm's-length management organisations, is the first to look at tenants' aspirations since the recession began.

Virtually all the households seeking to join the property ladder contained at least one person In employment. …

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