First-time buyers remain the biggest beneficiaries of affordable housing schemes, accounting for 65% of purchases over the last year, according to Halifax’s latest Affordable Housing Review.
This is significantly higher than the 40% of all home purchases made by first-time buyers over the same period. Overall, there were 14,737 purchases of homes made by all buyers under the various shared equity and shared ownership schemes in 2012/13.
The schemes have particularly helped younger buyers, with 40% of all affordable home buyers in the age band 20 to 29; a significantly higher proportion than in the market as a whole where they make up 25% of all housing sales.
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