One in three councils has not replaced a single house
sold through the Right to Buy scheme, official data has found. With separate analysis suggesting as many as
113,000 council homes will need to be sold off to fund the scheme, some fear it
will leave many areas bereft of affordable housing. Analysis of provisional
figures from the CLG showed that, of the 166 councils in England listed as
having sold properties through Right to Buy since 2012, 33% had not replaced a
single home. Just one council in 12 (8%) had managed to build enough to replace
half their stock, and only two had succeeded in replacing more than 100% of
those sold. Read more on the Huffington Post website.
Eight in 10 homes in London’s poshest postcodes now sell below asking
price, Coutts finds
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Sellers in areas such as Belgravia and Mayfair face hundreds of thousands
of pounds in losses as property prices fall
Eight out of 10 properties in Londo...
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