Friday, 8 August 2014

Stoke and Liverpool £1 Homes: Are Schemes a Success?

It's 18 months since Liverpool launched its £1 homes scheme, so why has no-one moved in while bargain-hungry homeowners in Stoke-on-Trent are rushing to buy the same reasonably-priced roosts? Liverpool City Council launched its pilot scheme to buy a house for £1 in a blaze of publicity.The council offered the chance to buy one of 20 empty homes for the small sum if the new owners pledged to refurbish them and stay for at least five years. But almost a year since the first buyer was handed the keys to his new house in Granby, he has still not moved in. Meanwhile, a similar scheme in Stoke-on-Trent is almost complete, with 31 out of 35 homes occupied. Read more on the BBC website.

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