Liverpudlians not interested in homes for a pound

The Times newspaper carried this article today:-

Less than half of the houses made available in Liverpool City Council’s “Homes for a Pound” scheme have been sold. The scheme set up in April last year as part of plans to help regenerate the Granby and Picton areas, released 20 neglected terraced houses, each in need of between £30,000 and £40,000 of work. The council said that initially more than 4,000 people signed up for the scheme, but 16 months later contracts had been signed for only five homes, with a further three expected to go through in the next few weeks. A similar scheme launched last year in Stoke-on-Trent has almost sold out, with just one of 33 properties left.

With thanks to the LGiU for the lead to this story.