Sunday, 30 August 2009

Housing associations face selling off social homes to meet interest bill

Fears are growing that housing associations will have to sell off thousands of social homes to meet the interest bill for their debts in the face of falling rental income and tumbling house prices.



Social housing flats

Falling rents hit housing associations

Housing associations could sell off thousands of social homes to meet the interest bill for their debts in the face of falling rental income and house prices.