A critical appraisal of low cost home ownership schemes for first time buyers

Taylor, James (2008) A critical appraisal of low cost home ownership schemes for first time buyers. BSc dissertation, University of Portsmouth.

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    Abstract

    The price of residential property in the UK has risen out of proportion to incomes making them increasingly unaffordable and deterring first time buyers from home ownership. This investigation explores ways in which first time buyers can be helped onto the property ladder with particular focus on low cost home ownership schemes. It was originally thought that improving the schemes would allow first time buyers to access the market through improvements later discussed. It is very difficult particularly with the affordability of the schemes to look at methods to make the schemes more affordable without considering methods to make the housing market more affordable, as without the delivery of new housing stock for social housing providers they are limited in how many schemes they can make available. Supply of housing is a fundamental key into bringing housing to a more affordable level, in the short term increasing supply will have little effect on reducing house prices, however in the long term it is possible to reduce real house prices if the Government can consistently achieve their targets of delivering 240,000 per annum although those working within the industry thought that these targets were ambitious.

    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/953

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