Housing Corporation tells junior housing minister empty properties may have risen 15% since March.  The value of unsold shared-ownership homes may be as high as £1bn, the government’s housing quango has warned ministers. It is understood the Housing Corporation told junior housing minister Iain Wright at a meeting on Monday that it was investigating estimates that the value of new housing association shared-ownership homes sitting empty had risen by 15% since March. Steve Douglas, the corporation’s chief executive, admitted it was looking at the issue as part of its quarterly review of housing association business models, but had not yet concluded the work. He said: “We will publish the review in the next weeks. We are working on options to manage unsold stock.”
 
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10 October 2008
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