This Statistical Release presents official statistics on new lettings and sales of existing social housing stock in England for 2011/12. Statistics…
This Statistical Release presents official statistics on new lettings and sales of existing social housing stock in England for 2011/12.
Statistics on new lettings in England are given for both local authorities and private registered social housing providers; and on sales of social housing in England for private registered providers. Information about the tenancy or sale, the tenants or buyers, and the property, are collected each time there is a new letting or sale transaction. Lets of general needs and supported social housing are collected, and, from 2011/12, providers have also been asked to report on affordable lettings.
Social housing sales include sales under Right to Buy, Preserved Right to Buy, Right to Acquire, Social HomeBuy, other outright or shared equity sales to tenants, and sales of existing stock to the private sector. No details are recorded of sales of additional equity shares purchased by existing shared owners (known as ‘staircasing’).
Key points from the release are:
- There were 362,610 new social lettings in 2011/12, a 2 per cent increase on 2010/11 and equating to less than 10 per cent of social stock.
- 72 per cent of lets were by Private Registered Providers and 28 per cent by local authorities. Overall 67 per cent were for general needs social housing.
- The average weekly social rent was £76 in 2011/12. Private registered provider rent was £81, an increase of 6 per cent on the previous year.
- The most common type of household taking up a general needs letting was single adults aged under 60 without children (over 30 per cent), with a further 20 per cent to single adults under 60 with children.
- In the first year of collection, 4,612 affordable rent lettings were reported by private registered providers. Average weekly general needs affordable rent was £110, equating to 68 per cent of average market rent.
- There were 10,356 social housing sales by Private Registered Providers during 2011/12, an increase of 4 per cent on 2010/11.
- Most properties were sold to single adults (43 per cent) and multi-adult households with no children (32 per cent).
- The average initial share purchased was 42 per cent across all types of social housing sale, with 50 per cent being the most typical initial share.