The Observer can reveal that former housing minister Kris
Hopkins wrote a letter in late 2013 in which he made it clear that the idea of
forcing housing associations to sell off housing was fraught with risk. In the letter, Hopkins said: “Unlike local
authorities, housing associations are independent, not-for-profit voluntary
bodies and if they are obliged to consistently sell off their stock at less than
market value they might find it difficult to borrow which could impact
adversely on their repair and maintenance programmes and affect the future
provision of affordable housing. The government does not consider that it would
be reasonable to require housing associations to sell these properties at a
discount. Any increase to the discount available under the Right to Acquire
would only be possible through upfront central government subsidy, potentially
incurring a high liability for the public purse.” Read more on the Observer
website.
Eight in 10 homes in London’s poshest postcodes now sell below asking
price, Coutts finds
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Sellers in areas such as Belgravia and Mayfair face hundreds of thousands
of pounds in losses as property prices fall
Eight out of 10 properties in Londo...
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