Right-To-Buy Sales Hit Seven-Year High

More than 12,300 social homes were sold off by councils in England through right-to-buy in 2014-15, official figures show, the highest number in seven years.  Over the same period, the number of new social homes started or purchased by local authorities came to 1,903. Charities said the failure to replace all existing sales showed that extending the policy to housing association tenants would have a significant impact on the number of affordable homes. Data from the CLG showed London boroughs accounted for 34% of sales, with tenants taking advantage of a discount of up to £102,700 on market value.  Elsewhere in the country, tenants were able to buy their properties for up to £77,000 less than the market rate. Download the figures from the GovUK website.