Low cost home ownership initiatives in the UK

Glen Bramley, James Morgan

    Research output: Contribution to journalArticle

    18 Citations (Scopus)

    Abstract

    In common with many other countries, the UK has treated owner occupation favourably in comparison with other tenures in terms of tax and subsidy. However, the UK is distinctive in having encouraged the large-scale transfer of dwellings from the public rented sector to home ownership and in having developed a variety of low cost home ownership (LCHO) mechanisms to assist people at the margins into owner occupation. This paper evaluates these LCHO initiatives, considering value for money, sustainability and potential demand. Looking to the future, we see government policy and the level of demand as the most important determinants of the role of LCHO and discuss inflences on demand and pointers to government policy.

    Original languageEnglish
    Pages (from-to)567-586
    Number of pages20
    JournalHousing Studies
    Volume13
    Issue number4
    DOIs
    Publication statusPublished - 1998

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