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This statistical release presents official statistics on the number of sales of dwellings under the Right to Buy scheme, as well as providing statistics on receipts resulting from those sales, and starts on site as part of the one-for-one replacements. The Right to Buy scheme allows some social housing tenants to buy their house at a reduced price and has been in place since 1980.
These statistics relate only to sales by local authorities under the Right to Buy scheme, excluding sales by registered providers under preserved Right to Buy. Figures are collected from local authority returns to the Department for Communities and Local Government.
Key points from the latest release are:
in 2013 to 2014 quarter 1, local authorities sold an estimated 2,149 dwellings under the Right to Buy scheme; this is nearly 5 times the 443 sold in the same quarter of the previous year
there were approximately 300 fewer sales in 2013 to 2014 quarter 1 than in 2012 to 2013 quarter 4; this was the first quarter on quarter reduction in sales after 3 quarters of increases
local authorities in London accounted for 18% of sales in 2013 to 2014 quarter 1, this compares to a maximum of 21% in the previous 7 years
Receipts and starts on site
in 2013 to 2014 quarter 1, local authorities received approximately £129 million from Right to Buy sales, more than 5 times higher than the £24 million in the same quarter of 2012 to 2013
the average receipt per dwelling in 2013 to 2014 quarter 1 was £60,000, this compares to £54,000 in the same quarter of the previous year
there were 65 dwellings started on site or acquired in 2013 to 2014 quarter 1, this compares to 14 in the same quarter of the previous year