An analysis of the difficulties facing first-time buyers in accessing the property market: a case study of Maidstone, Kent

Foreman, Nicole (2010) An analysis of the difficulties facing first-time buyers in accessing the property market: a case study of Maidstone, Kent. BSc dissertation, University of Portsmouth.

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    Abstract

    This research project sought analyse the difficulties facing first-time buyers in accessing the property market, with a specific focus on a case study area, Maidstone in Kent. The project analysed literature pertaining to three key themes: the UK housing market, LCHO schemes and housing policy, and secondary data relating to the case study area. Primary data was obtained from a range of key stakeholders and first-time buyers within Maidstone by means of a series of interviews and questionnaire surveys. The collation of the aforementioned information resulted in a number of conclusions being drawn. The research found that first-time buyers are facing extensive difficulties in accessing the housing market, the most restrictive factor being current deposit requirements, followed closely by low income levels relative to property prices. In addition, the current range of low cost home ownership schemes (LCHO), although popular with first-time buyers, were found to have a number of issues associated with them; it is concluded that the schemes are relatively complicated, offer first-time buyers a somewhat limited choice of properties and do not go far enough to help first-time buyers overcome the deposit requirements imposed by mortgage lenders.

    Item Type: Dissertation
    Departments/Research Groups: ?? EDAM ??
    Depositing User: Jane Polwin
    Date Deposited: 20 Jan 2011 12:49
    Last Modified: 28 Jan 2015 11:16
    URI: http://eprints.port.ac.uk/id/eprint/1023

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