Thursday, 11 April 2019

31% Of ALMO Right To Buy Stock Not Replaced In 2018


The annual survey looking at the state of the ALMO sector in England has shown latest build figures and wider impact on communities. One of the stark figures is that only 46% of Right To Buy sales were replaced with new build. This figure rises to 69% when acquisitions are included. Of the 31 ALMOs, three quarters of the building was done by just six, showing a real challenge for the sector. The year before, 59% was being built by just three of them. The NFA, which authored the report, says this is a “year-on-year problem with properties not being replaced fully from previous years’ sales”. Read more on 24housing.

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