Average Rent Charges

Our average rent charges for the last four years are detailed below. All our current rents pass the Scottish Federation of Housing Association (SFHA) affordability test which checks to see if rents are affordable to tenants and prospective tenants.

Pineview Property Size	2017 - 2018 Average	2018 - 2019 Average	2019 – 2020 Average	2020 - 2021 Average
2 apt	£62.30	£64.23	£65.77	£66.97
3 apt	£72.09	£74.23	£76.03	£77.26
4 apt	£81.21	£83.65	£85.65	£86.79
5+ apt	£89.34	£92.02	£94.23	£95.46
Total Average Weekly Rent	£74.17	£76.40	£78.24	£79.43

We will continue to ensure that rents and the annual rent increase on average, does not unreasonably exceed levels set by other housing associations working in the same area, where the current rent, the type and specification of the property, the location and the service is comparable.

Average Rent Charges - Benchmarking

We compare our rents with the Scottish wide averages which the Scottish Housing Regulator (SHR) produces and publishes by September each year. We have also worked with the Scottish Housing Network (SHN) and with the other local Drumchapel housing providers (Drumcog) to provide further comparable benchmarking data. The benchmarking data below relates to charges applied during the last two years.

Property Size	2017-2018 Results				2018 -2019 Results
Property Size	Pineview HA	SHN	DRUMCOG	Scottish Average	Pineview HA	SHN	DRUMCOG	Scottish Average
1 apt	N/A	£ 48.41	£42.13	£ 67.44	N/A	£52.11	£43.39	£ 70.22
2 apt	£ 62.30	£ 67.15	£ 68.07	£ 73.34	£ 64.23	£69.15	£ 68.00	£ 76.10
3 apt	£ 72.09	£ 75.07	£ 74.96	£ 74.95	£ 74.23	£77.26	£ 74.82	£ 77.70
4 apt	£ 81.21	£ 84.25	£ 88.22	£ 81.39	£ 83.65	£86.78	£ 88.15	£ 84.44
5+ apt	£ 89.34	£ 93.27	£ 90.67	£ 90.37	£ 92.02	£95.84	£ 93.73	£ 93.49
Total Average Weekly Rent	£ 74.17	£ 75.68	£ 77.68	£ 76.24	£ 76.40	£77.89	£ 79.47	£ 79.08

We aim to ensure that the rents we charge represent value for money to our tenants. 89.33% of our tenants stated that they thought their rent represented good value for money in our 2020 tenant satisfaction survey (4% gave a neutral response and 6.67% thought the value for money was poor). While this result compares well to the 2018/19 Scottish average of 83.21%, we are keen to increase tenant satisfaction in this area. We have worked with our Resident and Customer Forum and consulted with our customers to develop a "Value for Money" (VFM) statement and are commiteed to achieving VFM in the provision of all our services. Click the link below to read more about our VFM statement.

VFM Statement