Right to Buy still growing
27th September 2016

More than 56,000 households have now bought their home through the government’s revitalised Right to Buy scheme since the scheme was restructured in 2012.

New figures issued this week by the DCLG show that purchases in the three months to June are up 21% year on year to 3,350.

In the same quarter, councils received £283 million from sales of homes a 27% increase year on year – which will be reinvested into new homes – which they are now able to do since the restructuring in 2012.

Housing and Planning Minister Gavin Barwell, said: “we’re determined to replace the additional homes sold on a one-for-one basis, nationally - providing new affordable homes for rent for those who need them.”

The Department says, as of June 2016, there had been 7,018 starts and acquisitions, more than a one-for-one replacement on the 4,369 additional sales since the scheme was ‘reinvigorated’ in 2012.

Last December, the DCLG announced that uptake of Right-to-buy in 2014-15 was up by over 9% on the previous year. Read here