This model of affordable housing was put in place to provide quality homes for vulnerable people. Social housing is made available to households with low incomes at affordable rates, and the rental costs are calculated fairly. The housing crisis has meant that millions of people in the country have struggled to secure a home at a reasonable price, and social housing was established in an effort to solve this problem. Despite the lower rental costs, the quality of social housing is not compromised. Tenants that are eligible for these homes are placed in safe, secure and high-quality units that are legally required to meet a set of safety standards.
This alternative to the private rental sector offers long-term tenancies and a stable place to live for migrants, homeless people, single parents and those with medical needs. Having this option in place is crucial, which is why the demand to rent, build and invest in social housing remains high. Generally speaking, social housing is provided by local councils, social care operators and housing associations and run by professionals that will prioritise maintenance and repairs.
The property market is renowned for its volatility, which is why property investors can expect to gain a steady income from property that is government-backed. Investing in social housing reduces the risk of income fluctuations and heightens the potential for strong returns. Contributing funds to this housing provision ensures that vulnerable families and individuals are being protected. By working with BuyAssociation, we can help you to acquire social housing and gain immediate income once the purchase is complete. BuyAssociation’s clients can gain access to housing association units offering assured rent, high rental yields, free property and lettings management, and an abundance of additional benefits. Explore our housing association leases and find out how we can support you in diversifying your portfolio with this investment type.