More than four in 10 council homes sold under right to buy are now owned by private landlords, new research has revealed.
Freedom of Information requests sent by the New Economics Foundation (NEF) found that 41% of all council homes sold under the right to buy scheme are now being let on the private market.
The research also found that the number of homes bought under right to buy and now in the private sector has risen by 3.2 percentage points since 2014/15.
This means that around 109,000 more former council homes are now being let privately.
Hollie Wright, assistant researcher at the New Economics Foundation, said: ‘There are millions of people in this country who are denied access to safe, affordable, secure social homes, partly because of right to buy.
‘It’s time to give local councils the powers they need to reverse the damage right to buy has done in their communities and give them the tools to tackle the housing crisis.’
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