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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.
Main points from the latest release are:
in 2014 to 2015 – April to June (quarter 1), local authorities sold an estimated 2,845 dwellings under the Right to Buy scheme; this is 31% higher than the 2,171 sold in the same quarter of 2013 to 2014
local authorities in London accounted for 33% of sales in 2014 to 2015 quarter 1; this is the highest percentage recorded since quarterly statistics became available in 2006 to 2007 quarter 1
Receipts and starts on site
in 2014 to 2015 quarter 1 local authorities received approximately £211 million from Right to Buy sales, 61% higher than the £131 million in the same quarter of 2013 to 2014
the average receipt per dwelling in 2014 to 2015 quarter 1 was £74,000, this compares to £60,000 in the same quarter of 2013 to 2014
there were 675 dwellings started on site or acquired in 2014 to 2015 quarter 1, around 10 times the 65 starts on site recorded in the same quarter of 2013 to 2014