National VRTB Roll-Out Would Cost £14.6bn In First Decade

According to calculations drawn from numbers included in a government-commissioned report looking into the Midlands Voluntary Right to Buy (VRTB) pilot, it is estimated that in the first year alone, the bill for the taxpayer would come close to £2.1bn. An evaluation report on the pilot, published last month by the MHCLG, estimated that were the policy rolled out across England, 32,000 housing association homes would be sold off in the first year. After 10 years 223,843 sales would take place. The review also revealed that the 1,892 sales through the Midlands pilot cost the government £65,390 each on average, mostly through reimbursing providers for the sizeable discounts on offer. Read more on Inside Housing.

https://www.insidehousing.co.uk/news/news/national-vrtb-roll-out-would-cost-146bn-in-first-decade-69844