William Eichler 22 September 2016

More than 56,000 households buy homes under revived Right to Buy

Over 50,000 households have purchased a home in the last four years under the Government’s Right to Buy scheme, new figures show.

The data, released by the Department for Communities and Local Government (DCLG), revealed 56,000 households have bought homes under Right to Buy since the policy was revived in 2012.

The DCLG also calculated over 3,350 households were bought under the scheme in the three months to June - a 21% increase from the same time last year. Councils earned £283m from these sales.

‘From London to Leeds, Right to Buy plays an important part in building a country that works for everyone, helping thousands of people become homeowners for the first time,’ said housing and planning minister Gavin Barwell.

‘And we’re determined to replace the additional homes sold on a one-for-one basis, nationally - providing new affordable homes for rent for those who need them.’

The Local Government Association (LGA) has, however, warned that councils are struggling to replace the houses sold-off under Right to Buy.

They reported last month that 12,246 council homes were sold off to tenants under Right to Buy in England last year, with just 2,055 replacements started by councils.

The local authority representatives also said councils would struggle to replace the 66,000 properties expected to be sold off by 2020 without an overhaul of discounts and sale receipts.

SIGN UP
For your free daily news bulletin
Highways jobs

Lead Compliance Officer - WMF2147e

Westmorland and Furness Council
£55,119 - £57,362
Cumbria is a great place to live and work with excellent schools, transport links and outdoor pursuits. Kendal, Cumbria
Recuriter: Westmorland and Furness Council

Solicitor - Penrith Town Council

Westmorland and Furness Council
£50,788 (FTE)
Solicitor - Penrith Town Council Penrith, Cumbria
Recuriter: Westmorland and Furness Council

Technology Lead, Selby

North Yorkshire Council
£45,718 to £49,764 pa
Are you a senior developer with knowledge of cloud? Selby, North Yorkshire
Recuriter: North Yorkshire Council

Technology Lead, Scarborough

North Yorkshire Council
£45,718 to £49,764 pa
Are you passionate about being at the forefront of Emerging Technology including AI? Scarborough, North Yorkshire
Recuriter: North Yorkshire Council

Community - Healthcare Support Worker

NHS Orkney
Band 3 (£28,011 - £30,230)
If you share our vision and are ready to be part of Team Orkney, we’d love to hear from you. Balfour, Orkney
Recuriter: NHS Orkney
Linkedin Banner