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Cambridge tops shared ownership charts

Ryan Fowler

November 20, 2019

Cambridge is home to the highest amount of shared ownership housing for sale with 5.4% of all stock listed for sale falling into the category, according to research from GetAgent.co.uk.

The university town is followed in the rankings by London (2.1%), Plymouth (1.7%), Birmingham (1.4%) and Southampton (1.3%).

However, just 0.9% of all stock listed for sale across the UK’s major cities fall into the shared ownership category.

When it comes to the highest buyer demand for shared ownership properties, Sheffield tops the table with a huge 60% of all shared ownership properties listed for sale, already under offer or sold subject to contract.

Leeds ranks second with demand at 54%, followed by Nottingham (54%), Plymouth (50%) and Birmingham (45%).

Colby Short, founder and CEO of GetAgent.co.uk, said: “Previously we’ve seen a stigma of sorts surrounding shared ownership but it can be a great way to get on the ladder, albeit only partially, for those that would otherwise be stuck in the rental sector due to affordability issues.

“In fact, the research shows that this negative perception may no longer be the case as demand for shared ownership property is actually very high in the majority of UK cities where affordability is often at its lowest.

“However, the level of shared ownership stock remains minute compared to the wider market and we could certainly benefit from a greater level of shared ownership availability as there is clearly an appetite for it.”


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