Monday, 4 April 2016

Only One In 10 Homes Sold Under Right To Buy Are Replaced In England

Local authorities in England have replaced one in 10 of the homes sold through right to buy since discounts were increased in 2012. Government figures show there have been 49,573 sales since the scheme was relaunched, while 4,594 have been started on site or acquired by councils. According to the latest data by the CLG, an estimated 3,250 properties were bought by tenants in the last three months of 2015, up from the 2,941 sold during the previous quarter, but slightly lower than the 3,288 sold in the same period of the previous year. During the same three-month period, 396 homes were started on site or acquired. Download the figures from the CLG website.

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