Sales of council housing under the governments reinvigorated
Right to Buy (RTB) fell by 23% in the first quarter of 2017/18
compared to the same quarter in the year previous
During the period April to June 2017 councils sold an estimated
2,601 dwellings compared to the figure of 3,382 sold in the period
April to June 2016.
Since the government introduced the reinvigorated Right to Buy
in April 2012 with significantly larger discounts councils have
sold some 57,520 council homes, however the latest figures show
that in total there have been only 13,623 affordable housing units
started by local authorities, the Homes & Communities Agency
and the Greater London Authority since the reinvigoration of the
Right to Buy in April 2012.
In the first quarter of 2017/18 local authorities received
approximately £219.5million from Right to Buy sales and the average
receipt per dwelling sold was £84,000.
Download the latest statistical release.