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On 3 April 2009, the Tenant Services Authority (TSA) published a report (Low cost home ownership and the credit crunch) which explores the nature of regional markets for low cost home ownership offered by housing associations since the beginning of the economic downturn.
In addition, the report highlights the impact of private developer shared equity schemes on housing associations and the degree to which housing associations are competing with such schemes.
It finds that there are significant variations in demand for low cost home ownership between regions, within regions and even within localities. The market appears to be stronger in areas where longer-term gains appear higher, where there is current market activity and for houses rather than flats.
The report suggests that the North West and the West Midlands have seen the largest slowdown in sales, specifically in relation to the acquisition of flats.