Total Right to Buy discounts have climbed to £1bn a year,
leading to a net loss of some £300m for councils, according to new analysis
from the Chartered Institute of Housing (CIH). Cutting the discounts available
could lead to an extra 12,000 homes being built a year, the CIH has calculated.
But the organisation says Right to Buy should be suspended altogether to stem
the loss of social rented homes. The extent of the cost to the public sector is
revealed in the UK Housing Review 2018 Autumn briefing paper. Read more on
24housing.
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