The research, which surveyed 24 housing providers and interviewed industry and user groups found:
- Most people buying shared ownership homes are in the 20-40 age bracket and single-adult households make up 50% of buyers.
- In 2018/19 the average market value of shared ownership properties was £265,000, with the average initial stake purchased being 42% and a deposit of £24,000.
- Demand for shared ownership properties exceeds supply in some instances by as much as 10 to 1.
- In many parts of the country, interviewees felt that shared ownership is the only realistic route into home ownership for households with relatively low deposits. The product offers flexibility as it opens home ownership at a range of possible price points to households with modest deposits.
- Most interviewees highlighted the important role that shared ownership plays in creating mixed communities.
The report can be downloaded from the SO Resi website.