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Ownership Transfer of Social Housing in the UK

A Property Rights Approach

Bibliographic Data

ID12633810
AuthorsChristian A Nygaard (0000-0002-6286-6163, The Royal Melbourne Hospital, corresponding author), Christian Nygaard, Kenneth Gibb (0000-0002-1148-9249, University of Glasgow), Mike Berry (University of Glasgow)
Year2006
Volume24
Issue2
Pages89-110
Publication date2006-11-27
Open AccessYes
TypeARTICLE
VenueHousing Theory and Society (JOURNAL)
Journal identifiersISSN: 1403-6096 • E-ISSN: 1651-2278
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1080/14036090601070550
OpenAlexW2016753119
LanguageEN
Citations received7
References cited25

Retrenchment of the public sector as a direct provider of rented accommodation has been accompanied by a growing reliance on housing associations as alternative providers of below‐market rented accommodation in the UK. The most successful vehicle to date (in terms of transferred ownership of units) for growing the not‐for‐profit sector has been so‐called “large‐scale voluntary transfer” of dwellings formerly owned by local authorities. Since the turn of the century this has been accompanied by the rapid expansion of “arms‐length management organizations” in England. Notably though, for a process concerned with the transfer of legal entitlements to property, the literature on stock transfer and social housing reform is marked by a curious absence of any discussion of a property rights dimension of this process and, particularly, how degree and form of ownership is capitalized through the prevailing (and changing) governance structures. The point of departure for this article is an examination of how stock transfer separates ownership over social housing attributes and the relative valuation of property rights. We argue that stock transfer involves the de jure transfer of property to a new legal entity, but that a significant part of de facto property rights remain “un‐transferred”, or have been redistributed within the public sector and thus do not necessarily constitute a redrawing of the public domain boundary

Business · Corporate governance · De facto · Economic growth · Economics · Law and economics · Market economy · Political science · Private property · Property rights · Public economics · Public housing · Public property · Stock (firearms · Valuation (finance · Healthcare innovation and challenges · Housing, Finance, and Neoliberalism · Law · Legal principles and applications · Finance

  • Focus E15

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Citations per year0.41
Citation span2009 - 2023 (15)
Highly citedNo

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