This Statistical Release presents official statistics on the number of sales of existing social housing stock in England and its regions for 2010-11.
Social housing sales include sales under Right to Buy, Preserved Right to Buy, Right to Acquire, Social HomeBuy, other outright or shared equity sales to tenants, and sales of existing stock to the private sector. The figures exclude sales through low cost home ownership schemes where these do not relate to existing social stock, i.e. sales of newly built homes for shared ownership or acquisitions of private sector homes for affordable home ownership. Intra-tenure transfers between social housing providers are also excluded.
Key points from the release are:
- There were an estimated 8,410 total social housing sales in England in 2010-11. This is a decrease of 2 per cent on 2009-10 and continues the low level of sales seen in the previous two years. A decrease in Private Registered Provider sales was partly offset by an increase in Local Authority sales.
- There were an estimated 3,690 Right to Buy sales in England in 2010-11 (44 per cent of all sales), a 16 per cent increase from 2010-11. Most (74 per cent) Right to Buy sales were of Local Authority properties.
- The average market value of Local Authority properties purchased through Right to Buy in 2010-11 was £103,970. Average capital receipts were £77,470 and the average discount was £26,510 per property.
- Registered Provider sales included 200 properties sold through the Right to Acquire scheme (compared to 90 in 2009-10) and 100 through Social HomeBuy (compared to 70 in 2009-10).
- A further 3,340 sales (40 per cent of total sales) were disposals of Registered Provider properties to the private sector. Other shared equity and outright sales of existing stock accounted for the remaining sales.
Please note: These statistics were assessed by the United Kingdom Statistics Authority in June 2011 (Report 117). We have addressed the requirements relating to these statistics to the satisfaction of the UK Statistics Authority and they are now accredited as National Statistics.