Please note: Following the publication of Social Housing Sales to sitting tenants in England 2009-10 on 21 September 2010, a minor error has…
Please note: Following the publication of Social Housing Sales to sitting tenants in England 2009-10 on 21 September 2010, a minor error has been identified in Figure 7 of the publication. This has now been corrected in accordance with the Communities and Local Government revisions policy with regard to statistical releases. The updated version can be downloaded below. Related Live Table 675 has also been corrected.
The latest statistics on social housing sales to sitting tenants in England in 2009-10 were released under the auspices of the UK Statistics Authority on Tuesday 21 September 2010.
These statistics cover sales through Right to Buy, Preserved Right to Buy, Right to Acquire, Social HomeBuy and other outright or shared equity sales to sitting tenants. They do not include Low Cost Home Ownership sales through shared ownership schemes to non-social tenants.
Key points from the release are:
- There were an estimated 8,510 total social housing sales to sitting tenants in England in 2009-10, an increase of 16 per cent on 2008-09. The increase contrasts with falls in social housing sales in recent years and was due to an increase in sales of Registered Provider properties.
- There were an estimated 3,100 Right to Buy sales in England in 2009-10 (36 per cent of all sales), a 20 per cent decrease from 2008-09. Around three-quarters of Right to Buy sales were of Local Authority properties.
- A further 2,940 sales (35 per cent of total sales) were disposals of Registered Provider properties to the private sector. Other shared equity and outright sales to sitting tenants accounted for the remaining sales.
- The average market value of Local Authority properties purchased through Right to Buy in 2009-10 was £101,260. This produced average capital receipts of £74,610 and an average discount of £26,660 per property.
- Registered Provider sales included 90 properties sold through the Right to Acquire scheme (compared to 180 in 2008-09) and 80 through Social HomeBuy (compared to 100 in 2008-09).