Affordable real estate in the UK

New research Halifax

Two-thirds of transactions in the market of affordable housing is committed by first-time buyers commit the purchase of their home.

Assistance program purchase of affordable housing developed by the government, especially helping new young buyers. 40% of new affordable homes purchased by people aged 20 to 29 years. This is significantly higher proportion than in the whole of the UK property market, where buyers in the same age category was approximately 25%.

However, despite the success of affordable housing among buyers in this age group, many potential buyers are still poorly versed in the merits of government initiatives and the details of the programs NewBuy and HelptoBuy.. Only 30% of young people aged 20 to 45 years welcomed the initiative of the government, or think that these programs are intended to help people to become owners of their homes.

The fact that the previously implemented government initiatives were aimed at first-time buyers afford homes. New, recently introduced initiative HelptoBuy, aims to meet the demand of all buyers, not only those buying a house for the first time.

Company Halifax the eccentricities of the typical purchase of affordable housing.

The average price paid for the purchase of real estate in the UK under the various affordable housing programs in the UK is £ 167 955, which is approximately 10% lower than the national average of £ 185 324 for the purchase of any home.

In terms of regions the highest average price for buyers who use care schemes is, of course, in London is £228560 . Low price – asevero of Photocelebrity – £132483. Inlondon

Over the past five years under the aegis of “affordable housing” in the UK implemented several government programs that aim not only to help to buy housing for young families, but also to stimulate the construction sector. In the year to April 2013, 75% of properties in the UK was purchased in new.

Average annual gross income of the purchaser of affordable housing is £28350, which is 13% less than those who work according to a schedule of full time employment.

In terms of regions, the average gross income of the buyer of affordable housing varies from £46721 in London up to £24518 in the North-West.

® Maxim Savitsky 26.06.2013