Glossary
L
Low cost home-ownership
Low cost home ownership is where properties are available for sale at affordable rates. A mix of low cost home ownership products (such as shared ownership) allow people to buy the properties, often by buying a percentage share in the home and paying a charge/rent on the outstanding share which is usually held by a registered social landlord (housing association).Low demand
Low demand housing is caused by a number of factors such as changes in peoples' aspirations for a home, personal wealth, changes in where people work, changes in employment prospects and a reducing population. All of these can lead to unpopular housing in unpopular areas, where there is limited housing choice and quality, and which are not in demand.