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
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.