Wednesday 10 November 2021

Right To Buy Sales Drop By A Third In Past 12 Months

Right to Buy sales dropped by 35% in 2020/21 to the lowest yearly figure in eight years, according to newly published statistics. The government has put the decline, from 10,572 to 6,850, largely down to the restrictions introduced during the COVID-19 pandemic.  A seven-week freeze on the housing market was introduced in March 2020 to stop the spread of coronavirus, effectively preventing most purchases and sales. This also stopped valuations, which make up a key part of the Right to Buy sales process. Read more on Inside Housing.

https://www.insidehousing.co.uk/news/news/right-to-buy-sales-drop-by-a-third-in-past-12-months-73138

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