A survey of 21,000 social housing tenants in the UK has shown that just 12% want to exercise their legal right to buy, down from 32% a decade ago. In addition, 8 out of 10 tenants are satisfied with their social landlord and believe that their status is better than owning a home or renting privately.
Huw Morris, editor of the weekly journal 'Planning' concludes that "a sizeable proportion of the population, it is clear, has no wish to own a home". This suggests that the politically inspired drive to create a 'property owning democracy' has finally run out of steam amid a recognition that other tenure options have benefits.
The challenge is now for all those involved in housing supply - government, parastatals, designers and developers, to create homes and neighbourhoods that people want to live in and can afford - an exciting outcome from the housing crisis!
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This all is due to economic crisis worldwide which compelled people to live in social housing.
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