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March 2018 Special Report Preview: Special report: shared ownership first tranche boost by region

Low-cost homeownership sales top 10,000 in England.

The shared ownership market outside London saw a significant boost in 2016/17, with sales away from the capital up by more than 1,000.

 

The sharp rise in regional sales took the total number of first tranche sales of low-cost homeownership (LCHO) units in England past 10,000 for the first time since the Homes and Communities Agency (HCA – now called the Regulator of Social Housing) began collecting data in 2011. While first tranche sales grew, the number of LCHO units that have not yet been fully staircased fell very slightly in 2016/17 from 175,903 to 175,265.

 

Although the drop was less than 0.4 per cent, it came on the back of consecutive years of growth: 2.5 per cent in 2015/16 and three per cent the previous year.

 

 

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RP shared ownership sales 2016/17: top 30

First tranche sales 2016/17
Change on 15/16 sales
Registered provider LCHO less than 100 per cent equity number of units First tranche number Percentage Number Sales effort percentage of stock*
L&Q 8,495 968 +44% +295 11%
Sovereign 5,473 430 +78% +188 8%
Notting Hill 5,293 398 -12% -54% 8%
Orbit 8,101 381 +14% +48 5%
Hyde 3,987 299 +14% +37 7%
Clarion 7,290 283 n/a n/a 4%
Metropolitan 3,829 270 +143% +159 7%
Waterloo 3,514 256 +20% +43 7%
Aster 2,015 228 +20% +38 11%
Moat Homes 4,808 213 -21% -57 4%
Great Places 1,188 193 +68% +78 16%
Family Mosaic 2,383 192 +78% +84 8%
Home Group 1,897 187 n/a +187 10%
Paradigm 1,893 185 -6% -11 10%
BPHA 2,093 169 +22% +30 8%
DCH 2,408 168 +17% +24 7%
Bromford 4,257 165 +19% +26 4%
Network 1,824 164 n/a n/a 9%
Viridian 953 164 +193% +108 17%
Stonewater 2,310 159 +94% +77 7%
Sanctuary 3,770 147 +242% +104 4%
Thames Valley 7,380 139 -14% -23 2%
Sentinel 957 134 +2% +3 14%
First Wessex 1,803 133 +1% +1 7%
Longhurst 1,502 118 -20% -29 8%
Cross Keys Homes 522 114 +19% +18 22%
Southern 4,336 112 +138% +65 3%
Guinness Partnership 6,363 104 -61% -163 2%
Knightstone 1,121 104 +24% +20 9%
Fortis Living 953 101 n/a n/a 11%
Notes: * ‘Sales effort’ = number of sales in 16/17 as a percentage of total LCHO stock in 16/17 Source: HCA, Statistical Data Return 2016/17

 

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