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The ARCH annual report for 2015-16 is now available to view.

 

Download it here.

Latest RTB figures released (Oct-Dec) 01/04/2016

The DCLG has published the latest figures on Right to Buy (RTB) sales in England for the Quarter period October to December 2015. The number of council homes sold under the RTB in the quarter was 3,250 - a slight decrease of 1% over the same quarter of 2014-15.

 

Total sales in 2014-15 were 12,304 and in the first three quarters of 2015-16 were 8,970. This compares to 2,375 homes sold under the RTB in 2009-10 - largely attributed to the substantially increased RTB discounts offered to council tenants from 1 April 2012 under the re-invigorated RTB:

 

  • 2009-10:  2,375
  • 2010-11:  2,758
  • 2011-12:  2,638
  • 2012-13:  5,944
  • 2013-14: 11,261
  • 2014-15: 12,304

 

In the meantime, the National Audit Office (NAO) says, that to meet the target of replacing the roughly 8,512 additional homes sold under the reinvigorated Right to Buy in 2014-15 by the end of 2017-18, will require quarterly housing starts to increase five-fold on recent figures.

 

In a NAO memorandum prepared to support the Public Accounts Committee inquiry and assessment of the impacts and value for money arising from aspects of the Housing and Planning Bill, including extension of the RTB to housing associations financed by the sales of high-value council housing and the promised one for one replacement, the NAO challenges the assertion that the government has successfully ensured a one-for-one replacement of each additional council home sold in the first year of the reinvigorated RTB introduced on 1 April 2012.

 

Under the reinvigorated RTB councils have three years from the sale of a council property to make a start on using the capital receipts to provide a replacement home.

 

DCLG has taken the housing starts and acquisitions funded by this policy for the three years 2012-13 to 2014-15 together which totals 3,387 - roughly equating to the approximate 3,054 additional RTB sales attributed to the reinvigorated RTB in 2012-13.

 

To meet the target of replacing the estimated 8,512 additional RTB sales attributed to the reinvigorated RTB in 2014-15 by the end of 2017-18, quarterly housing starts would have to reach around 2,130 - a fivefold increase on the recent figures of approximately 420 per quarter!

 

The NAO Memorandum is also critical of the DCLG's Impact Assessment which accompanies the Housing and Planning Bill.

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