Lowest Rate of Shared Owners Staircasing to Full Ownership in a Decade
A report by property agency CBRE found that the rate of shared owners in England staircasing to full ownership of their home has reached its lowest level in a decade.
Research shared with Inside Housing revealed that the rate of shared owners staircasing to full ownership fell to 1% of total shared ownership stock in 2023-24.
Staircasing is the process by which shared owners can buy a larger stake in their home, with the goal of reaching 100% ownership.
- The rate of 100% staircasing fell in 2023-24 against a difficult economic backdrop.
- The average rate of 100% staircasing over the past five years (2020-24) stood at 2% of total shared ownership stock.
- This is down from 3% during the preceding five years (2015-19).
No specific quote available in the provided text.
Author's summary: Shared owners staircasing to full ownership is at its lowest rate in a decade.
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