Right to Buy Sales Continue To Slump

Right to buy (RTB) sales have dropped by a fifth according to the latest government statistics. Figures published by CLG show there were only 3,090 RTB sales in the 2009/10 financial year, down from 3,870 the previous year. Local authority RTB sales fell from 2,880 to 2,290, removing £50 million from councils’ capital receipts. The average receipt per property also fell from £76,850 to £74,610. The latest drop is part of trend of falling RTB sales in recent years. Total social housing sales, including sales by housing associations under RTB, preserved RTB and social homebuy schemes, increased by 800 to 8,510. Download a copy of the report, “Social Housing Sales to Sitting Tenants 2009-10” from the CLG website.