Laura Sharman 05 April 2019

ALMOs unable to replace 31% of Right to Buy sales in 2018

ALMOs unable to replace 31% of Right to Buy sales in 2018 image

Local authority housing companies were unable to replace 31% of properties sold under Right to Buy in 2018, a new survey has revealed.

The annual survey by the National Federation of ALMOs shows that while 2,000 new properties were added to their stock last year, this was not enough to replenish lost social housing stock.

Overall, housing companies reported a net loss of more than 800 properties over the last 12 months.

NFA managing director, Eamon McGoldrick, said: ‘Whilst we welcome the recent changes to local authority finance which will support the building of a new generation of council housing, unless the Government implements the flexibilities to RtB that we have been calling for, it is like a leaking bucket; the sector will continue to lose more council homes than it can replace.’

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