Right-to-buy sales double in a year
NEW figures reveal a rise in the numbers of tenants taking up the right to buy their council home. Launched in April, the new scheme offers eligible tenants discounts of up to £75,000 off the value of their home, three times the level of previous discounts in some areas.
Data shows that right to buy sales doubled from 1,041 between July and September 2012, to 2,010 between October and December.
Housing Minister Mark Prisk said the scheme had “opened the door to homeownership” for thousands of tenants.
The figures only account for sales of council-owned properties. Housing association tenants can also exercise their preserved right to buy if they qualify for the discount.