Councils Losing £300m A Year Due To Right To Buy

Total Right to Buy discounts have climbed to £1bn a year, leading to a net loss of some £300m for councils, according to new analysis from the Chartered Institute of Housing (CIH). Cutting the discounts available could lead to an extra 12,000 homes being built a year, the CIH has calculated. But the organisation says Right to Buy should be suspended altogether to stem the loss of social rented homes. The extent of the cost to the public sector is revealed in the UK Housing Review 2018 Autumn briefing paper. Read more on 24housing.

https://www.24housing.co.uk/news/councils-losing-300m-a-year-due-to-right-to-buy/