Moving On Up Report
Gateway began to develop homes for shared ownership in 1982 as Victoria Park Housing Association. We are proud of our track record, and will shortly complete our first leasehold scheme for older people in Tower Hamlets.
Shared ownership has sometimes been heavily criticised in the media as a model that is not working, that it is a stagnant market that does not achieve outright home ownership. However, we have noticed a recent surge in upward staircasing activity and therefore, commissioned research to discover what has changed.
This report shows that there are a group or purchasers for whom outright ownership may never be attainable, but for those with incomes closer to the qualifying cap stepping up to full home ownership is still an attainable goal.