Research shows hundreds of ex-council tenants had the
opportunity to become millionaires – at least, those buying at the right time
in London had that opportunity. Figures show that the average amount paid for a
home in the capital in 1996 was £79,000 but that by 2016 it had soared to
almost £489,000. And social housing tenants could receive a discount back then
on their purchase depending on how long they had lived in the property – up to
60% for house and 70% for a flat. In a Clarendon Place, Westminster – a
three-bedroom flat was bought for £180,000 in 1995 and is still owned by the
same person. Similar properties in the block have sold recently for £2.25m and
£1.8m. Read more on 24housing.
No comments:
Post a Comment