The Government could inject more than £68 billion into the UK economy by extending Right to Buy opportunities to housing association tenants, according to one of the UK’s largest registered landlords. Home Group - which owns more than 50,000 properties - has released figures which show the construction sector could widely benefit from a change in legislation. The housing group says that one fifth of housing association tenants currently prevented from buying their homes would be ready to make the move – representing around 200,000 sales. Home Group says that with the promise by the Government to see a new home built for each property sold – and with the average new housing association property costing £120,000 to build – £24 billion would directly be spent in the construction sector. Read more on the Home Group website.
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