Why Shared Ownership?

It is now a well known fact that levels of home ownership amongst young people and for those living in London and the South East is in serious decline. In London, home ownership levels are now under 50% and the CIH recently published a report showing that across England home ownership for 25 to 34 year olds has dropped from 67% to 43%.
Thames Valley Housing (TVH) has kept the aspiration of home ownership alive for this group through shared ownership. Since 1970 we have been selling shared ownership and in that time sold 6378 homes. The typical buyer is aged between 25 to 34 years old and works in office management. They tend to stay in shared ownership for 5 years and some 15% of those who purchase 2 bed homes or larger have previously owned a shared ownership home.
Shared ownership is increasingly seen as a really affordable option for those unable to buy outright or put down a sizeable deposit. At TVH we are currently selling homes in Aylesbury where people can buy from £579 per month and in fact our youngest purchaser here was 18!
TVH operates in some of the most expensive areas of the Country in South West London, Surrey and Berkshire. Without shared ownership, private renting would be the only option available to many of those we help. Shared ownership is not the solution for everyone but for those young people who want to own and stay living and working in some of the most expensive parts of the country it is essential.
Helping the squeezed middle is no longer a ‘nice to have’; they are the engine of our economy and deserve some decent housing options.

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