Sharp Increase In Sales Of Social Stock

Housing associations have reported a 48% annual increase in sales of social rented homes, as they seek greater value for money from their assets. The Homes and Communities Agency’s (HCA) statistical data return shows associations disposed of 4,406 homes in 2015/16, up from 2,982 in 2014/15. Disposals are defined by the HCA as sales of social rented homes for ‘non-social housing use’. The figures also show that when demolitions, Social Homebuy sales and Right to Buy sales are factored in, the total amount of stock leaving the sector has increased by 16.6% to 18,419 homes year on year. Read more on the HCA website.