The Week in Housing: Spotlight on Shared Ownership
The Week in Housing is a weekly newsletter that rounds up the most important headlines for housing professionals.
New data revealed that the rate of shared owners in England staircasing to full ownership of their home is at its lowest level in a decade.
Staircasing is the process by which shared owners can buy a larger stake in their home, with the goal of reaching 100% ownership.
According to the report, both the rate and number of 100% staircases fell in 2023-24 against a difficult economic backdrop.
This report comes after housing minister Matthew Pennycook indicated that there may be some tweaks to improve the shared ownership model.
This is a key metric in judging whether the shared ownership model actually works
Author's summary: Housing market faces challenges.
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