We acted on our first sale of a portfolio of shared ownership properties a good six years ago, (yes, pre deregulation) and whilst there has been some interest, subsequently such disposals in our experience has meant that it has been a slow burner - with property prices rising and low-interest rates, why unlock the piggy bank?
But with low-interest rates here to stay and inflation increasing, there is going to be renewed interest from institutional investors. Certainly, if associations consider we are at peak property prices this might be the best ever time to dispose of these interests.
However, there remains the why factor. As Helen Collins implies, with the EPC C requirement being phased into the private sector from 2025, the sector cannot afford to present itself as offering a lower standard. The costs that are involved appear to be eye-watering.
I hear the rattling of piggy banks!
“With shared ownership assets, I think the reason people are starting to look more closely at this now is to release capital for investment in new homes and decarbonisation,” she explained.