How do housing associations contribute to the leasehold market?

Housing associations play a significant role in the leasehold market primarily through Right to Buy schemes and affordable housing initiatives. These schemes are designed to provide opportunities for individuals, particularly those in lower-income brackets, to purchase their homes, often at a discount. The Right to Buy program enables tenants in social housing to buy their homes after a qualifying period, promoting home ownership as a viable option and contributing to a more diverse housing market.

Affordable housing initiatives further support this by ensuring that there are properties available for those who may not afford the market prices, often through subsidized rents or assistance in the purchase process. As a result, housing associations not only contribute to increasing the number of leasehold properties available but also facilitate a pathway for individuals to attain ownership, thus stimulating the leasehold market overall.