Support for home ownership has been a key component of housing policy since 1945. Several schemes are now in place to assist households throughout the home-buying process, ranging from facilitating access to credit (subsidised loans, social home-buying loans, interest-free loans) to assistance with monthly repayments (the ‘home-buying’ housing benefit). The effectiveness of these schemes has been called into question on several occasions. Several studies have criticised their poor targeting, as well as the windfall effects and inflationary pressures they generate. A rethink of home-buying support schemes is necessary to restore the effectiveness of this public policy.
Evaluation of home-buying support schemes
Project Status
Completed
