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 2013 to 2014 - January to March (quarter 4), local authorities sold an estimated 3,376 dwellings under the Right to Buy scheme; this is 38% higher than the 2,450 sold in the same quarter of 2012 to 2013
- local authorities in London accounted for 31% of sales in 2013 to 2014 quarter 4, this is the highest percentage recorded from 2006 to 2007 quarter 1, since when quarterly statistics are available and the first time in that time span when more sales were in London than in metropolitan districts
- the 11,238 dwellings sold in 2013 to 2014 compares to 5,944 dwellings sold in 2012 to 2013
Receipts and starts on site
- in 2013 to 2014 quarter 4 local authorities received approximately £243 million from Right to Buy sales, 54% higher than the £158 million in the same quarter of 2012 to 2013
- the average receipt per dwelling in 2013 to 2014 quarter 4 was £72,000, this compares to £64,000 in the same quarter of 2012 to 2013
- there were 906 dwellings started on site or acquired in 2013 to 2014 quarter 4, almost twice the 465 starts on site recorded in the same quarter of 2012 to 2013