Right To Buy Sales Plunge 43% To Eight-Year Low

Local authorities in England sold 1,548 homes under the Right to Buy between July and September 2020, down from 2,727 in the same quarter in 2019. A government data release said the sharp decline “may be due in large part to the lockdown restrictions introduced in response to the COVID-19 pandemic”. Home moves and sales were frozen for nearly two months last spring, but the figures published today represent a continued slowdown of sales despite the market being reopened from July. Between April and June, when the freeze came in, there were 1,549 sales in total – one more than in the following three-month period. Read more on Inside Housing.

https://www.insidehousing.co.uk/news/news/right-to-buy-sales-plunge-43-to-eight-year-low-69249#:~:text=Right%20to%20Buy%20sales%20fell,the%20lowest%20level%20since%202013.&text=Local%20authorities%20in%20England%20sold,the%20same%20quarter%20in%202019.