Right To Buy Sales Plummet

Right to Buy sales fell 23% in the last quarter of 2018/19, while replacements slipped more than 4,000 homes behind the government’s one-for-one pledge. Councils in England sold an estimated 2,612 homes through the policy from January to March 2019, down from 3,396 in the same period last year. Over the whole of 2018/19, 10,213 homes were sold – a 21% drop on 2017/18 and the lowest number since 2012/13 when Right to Buy discounts were raised dramatically. Councils received £219.7m from Right to Buy sales from January to March, an average of £84,100 per home. Find out more on the MHCLG website.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/810184/Right_to_Buy_sales_in_England_2018_to_2019_Q4.pdf