William Eichler 10 May 2024

Four in 10 council homes sold under right to buy owned by private landlords

Four in 10 council homes sold under right to buy owned by private landlords  image
Image: Nopparat Khokthong / Shutterstock.com.

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.’

Visit The MJ (£) to read more on this story.

SIGN UP
For your free daily news bulletin
Highways jobs

Head of Democratic Services, Elections & Monitoring Officer

Harborough District Council
Grade 12 £67,236 – £71,223 plus £3000pa Statutory Officer Allowance
We are looking for an accomplished and proactive leader for our vacant post of Head of Democratic Services & Elections Market Harborough, Leicestershire
Recuriter: Harborough District Council

Social Worker - Family Support and Safeguarding - Bicester Banbury

Oxfordshire County Council
£37035 - £47754
You will manage a caseload tailored to your experience, ensuring that children’s and their families’ voices are heard, and their needs are met. You will work with families using the FSP Workbook modules, and a strengths-based approach, ensuring the As Bicester
Recuriter: Oxfordshire County Council

Executive Director of Resources & Governance (S151 Officer)

Basildon Borough Council
Up to £146,245
Together, we lead. Together, we deliver. Together, we transform. Basildon, Essex
Recuriter: Basildon Borough Council

Executive Director of Homes, Communities & Environment

Basildon Borough Council
Up to £146,245
Together, we lead. Together, we deliver. Together, we transform. Basildon, Essex
Recuriter: Basildon Borough Council

Executive Director of Strategy, People & Transformation

Basildon Borough Council
Up to £146,245
Together, we lead. Together, we deliver. Together, we transform. Basildon, Essex
Recuriter: Basildon Borough Council
Linkedin Banner