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 2, local authorities sold an estimated 2,839 dwellings under the Right to Buy scheme. This is nearly 3 times the 1,041 sold in the same quarter of 2012-13
- local authorities in London accounted for 25% of sales in 2013 to 2014 Q2, this is the highest percentage from when quarterly statistics are available from 2006 to 2007 Q1
Receipts and starts on site
- in 2013 to 2014 Q2 local authorities received approximately £180 million from Right to Buy sales, nearly 3 times higher than the £61 million in the same quarter of 2012 to 2013
- the average receipt per dwelling in 2013 to 2014 Q2 was £63,000 this compares to £59,000 in the same quarter of 2012 to 2013
- there were 753 dwellings started on site or acquired in 2013 to 2014 Q2, more than 3 times the 236 starts on site recorded in the same quarter of 2012 to 2013