Increasing the NI Co-Ownership Housing Association (Co-Ownership) Property Value Limit (PVL) from £175,000 to £190,000 - screening

The PVL is the cap on the value of a property that can be purchased through Co-Ownership. The Department for Communities (DfC) is responsible for reviewing the PVL on an annual basis.

Housing Advisory Unit (HAU) conduct an annual calculation of the PVL, which takes into account factors such as average property values (supplied by LPS) and Total Cost Indicators (TCI) for that year. This figure is one of a number of considerations which inform the setting of the PVL, including conditions within the wider policy/economic landscape and current housing priorities. It is important that the PVL is set at a level where it affords equality of opportunity to all sections of the community, providing support to enter homeownership in areas within a reasonable distance of where people wish to live.