Skip to main content

Housing: Low Incomes

Volume 494: debated on Friday 19 June 2009

To ask the Secretary of State for Communities and Local Government how many homes have been purchased under (a) HomeBuy Direct, (b) OwnHome, (c) OpenMarket HomeBuy, (d) the First-Time Buyers Initiative, (e) MyChoice HomeBuy, (f) New Build HomeBuy, (g) Social HomeBuy and (h) Rent to HomeBuy in each of the last three months. (281457)

I refer the hon. Member to the answers given to him by my right hon. Friend the Member for Derby, South (Margaret Beckett) on 21 May 2009, Official Report, columns 1538-40W, 5 May 2009, Official Report, column 133W, and the answer given by my right hon. Friend the Member for North Swindon (Mr. Wills) on 30 April 2009, Official Report, column 1440W, respectively.

The following table shows the information for the months of February, March and April which are not covered by the previous answers.

2009

February

March

April

HomeBuy Direct

1

1

1

Open Market HomeBuy

605

727

172

of which:

Ownhome

79

112

20

MyChoice HomeBuy

414

520

141

New Build HomeBuy

677

3,112

128

Social HomeBuy

1

1

1

Rent to HomeBuy

27

972

63

First Time Buyers Initiative

51

72

60

1 Less than 5. Source: Homes and Communities Agency

To ask the Secretary of State for Communities and Local Government pursuant to the answer of 11 June 2009, Official Report, column 996W, on housing: low incomes, what the average price of a property purchased under the (a) Social HomeBuy, (b) Right to Acquire and (c) Right to Buy scheme was in each region in each year since 1997. (281458)

I have placed a table in the House Library showing the average property prices of properties sold through Social Homebuy, Right to Acquire and Right to Buy, by year and region.

These property price figures are based on the total property price, not the amount paid by the purchaser, who is entitled to a discount on the market value and may be purchasing only a share of the equity in the property.

The average property price is not shown for the Right to Acquire sales prior to 2001-02, due to a low number of sales in each year.