New reseach shows that the the vast majority of UK tenants are happy with their buy-to-let property. Despite ever-increasing tenant expectations, campaigns by Shelter, and Labour’s attempts to ‘reform’ the private rented sector, new figures from the 2012-13 English Housing Survey Households Report show that 84% of PRS tenants are satisfied with their housing.
This marks a rise of one percent from the previous year. Even though the number of tenants in the PRS is rising, the sector appears to not only be coping, but actually improving.
The report also shows that, although rents nationwide have risen by 7% over a five-year period, tenants are not finding them to be more expensive in real terms. In fact, the average rent rise between 2008-09 and 2012-13 was well below both main government measures of inflation.
By contrast, over the same five-year period, rents in the social sector increased by over 25% – significantly more than the two inflation measures. Tenant satisfaction in the social sector remained at 81%.
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