Government’s shared ownership reforms ‘won’t boost housing numbers’

Housebuilding

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Industry figures warn proposals lack detail and will only ramp up prices

Government proposals to relax the rules around shared ownership will do little to address the issue of how the country builds more homes, according to industry figures.

Housing secretary Robert Jenrick yesterday announced the government would review a new model for shared ownership – where homeowners can buy a chunk of their home and rent the rest – which would allow them to acquire in 1% increments, rather than the current 10%.

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