Low cost home ownership sales

Meeting: 
MQT on 2011-11-16
Session date: 
November 16, 2011
Reference: 
2011/3357
Question By: 
Jenny Jones
Organisation: 
City Hall Greens
Asked Of: 
The Mayor

Question

Can you give me the following data for Low Cost Home Ownership sales in London by year as far back as records allow: the average income of the LCHO purchaser, their average age, the average market value of all sales, and the average market value of sales of 3 bed homes?

Answer

Answer for Low cost home ownership sales

Answer for Low cost home ownership sales

Answered By: 
The Mayor

The data you request is held by the FIRST STEPS agents from April 2006 and is reproduced below. Please note that before 2009 reporting by Registered Providers (RPs) to the FIRST STEPS agents was patchy; since then, it has improved significantly.

Year Average of Household income (£) Average age (years) Average market value of all sales (£) Average market value of sales of 3 bed homes (£) 2006-2007 33,210 32.6 £202,876.00 £210,454.00 2007-2008 31,930 32.5 £226,407.00 £258,596.00 2008-2009 34,509 31.9 £230,958.00 £242,765.00 2009-2010 33,838 32.1 £227,392.00 £228,393.00 2010-2011 34,485 32.2 £236,060.00 £288,145.00 2011-2012* 35,793 31.8 £242,079.00 £288,955.00 Grand Total 33,960 32.2 227,628 252,884 *Based on April 2011-October 2011.