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ARCH annual report

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

 

Download it here.

Over 20,000 social homes sold last year 06/12/2018 Labelled as Scrutiny, Finance, Tenants

The latest statistical release by the Ministry of Housing, Communities & Local Government shows that there were 20,891 sales of social housing dwellings in the last financial year (2017-18), amounting to 0.5% of the total stock of 4 million social rented sector dwellings. In the same period 34,672 new social and affordable rented homes were delivered, of which only 6,463 were for social rent.

 

Overall sales in 2017-18 were down by 10% on the previous year and sales of social housing are at a two-year low but are still well above the 8,061 sales made prior to the introduction of increased Right to Buy discounts in 2012, under the "re-invigorated Right to Buy".

 

12,059 of the homes sold were sold by local authorities, of which 11,833 were sold under the statutory Right to Buy.

 

8,832 homes were sold by private registered providers, of which 4,223 were sold under the voluntary Right to Buy or preserved Right to Buy. Private registered providers sold 3,320 of their stock to the private sector in 2017-18.

 

The average market value of local authority Right to Buy sales in 2017-18 was £143,540.

 

In 2017-18 local authority Right to Buy sales had an average discount of 42% of the market selling price and the average Right to Buy discount per local authority dwelling sold was £60,370. This was more than double the value of £26,690 in 2017-18.

 

Read the full statistical release

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