Wednesday, 13 December 2017

7% Rise In Former Right To Buy Homes Now Rented Privately

Freedom of Information Act request responses from 111 councils – two-thirds of all stock-holding town halls in England – show 40.2% of former Right to Buy flats are now being sublet. This is a 7% rise from the 37.6% recorded in 2015 – a rate of growth which would see more than half of all former Right to Buy homes rented privately by 2026. The councils have sold a total of 180,260 leasehold properties under the Right to Buy since its introduction in 1980, with 72,454 now registered with an ‘away address’, indicating subletting. Read more on the Inside Housing website.

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