Right To Buy Stats Reinforce A ‘Need To Suspend The Scheme’

CIH says latest MHCLG stats showing councils sold 2,417 homes under the Right to Buy scheme over the July-September quarter reinforce a need to suspend the scheme. The stats also show 1,160 homes started or acquired to replace those sold over the same period. The 2,417 is 22% down on the 3,115 sold in the same quarter of 2017-18, while councils received some £205m from the sales – 17% lower than the £247m in the same quarter of 2017-18. An MHCLG spokesperson said the stats showed councils have started work on 5,167 properties in the last year, which is up by 12 per cent on the year before. Read more on the CIH website.

http://www.cih.org/news-article/display/vpathDCR/templatedata/cih/news-article/data/CIH_calls_on_government_to_suspend_right_to_buy_as_new_figures_reveal_less_than_a_third_of_homes_sold_since_2012_have_been_replaced