Morsink, Nadi, N (2022) Inequality: the roles and contributions of public and commercial parties in increasing accessibility to homeownership. Pre-master thesis.
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Abstract
This paper focusses on the different roles and contributions of public and commercial parties towards reducing the gap between renters and homeowners. It looks into the difference between the goals and actions of housing associations and real estate developers in increasing accessibility to homeownership for first time buyers. The method of secondary data analysis is used, after the policy analysis experts were interviewed about the subject. The paper divides the ways in which accessibility to home ownership can be increased into the following categories: selling property, eligibility criteria, financial assistance, education, affordability, shared housing and building new property. During this research, it became clear that public and commercial parties have very different roles in the world of real estate. This is because both types of stakeholders have different goals. Housing corporations were created to support (vulnerable) groups in finding affordable housing, and all that comes with it, this is a social task. Real estate developers have profit as their highest goal. As a result, they mainly work on themes that are most profitable for them financially. It turned out that the ways in which the parties can contribute to the topic of increasing homeownership are very different. Because housing corporations perform many more tasks than just building houses, there are also more ways how they can work on this topic. But precisely because the housing corporation has a different core business than building houses, they are not very busy with increasing accessibility to homeownership. On the other hand, real estate developers are keen to help starters because this is a large target group to which they can sell their homes. For the developers it is a kind of win-win situation. They make profit, and the starters are helped to buy a home. During the interviews with the experts, the subject of 'new forms of contract for buying a house' often came up as a possible solution to reduce the gap between renters and homeowners.
| Item Type: | Thesis (Pre-master) |
|---|---|
| Degree programme: | Real Estate Studies |
| Supervisor: | Mawhorter, S.L. |
| Date Deposited: | 12 Sep 2022 10:47 |
| Last Modified: | 12 Sep 2022 10:47 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/4054 |
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