Right-to-buy sales dou­ble in a year

Yorkshire Post - Property - - PROPERTY -

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.

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