Annual review of the NI Co-Ownership Housing Association (Co-Ownership) scheme Property Value Limit (PVL) - Rural Needs Impact Assessment
Date published:
The PVL is the cap on the value of the property that can be purchased through CoOwnership. The aim of the review is to assess current housing market activity and establish a PVL that is reflective of changes to the housing market at any given time. The impact of the pandemic, rising house prices and construction costs have become the focus of this year’s review.
Increasing the PVL should help to mitigate the adverse impact of increased property values as a result of changes to the housing market and rising construction costs, and help to ensure that people on low incomes can access a suitable pool of intermediate/affordable housing across all areas in NI.