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