Right to Buy replacement targets missed
Local authorities have missed Right to Buy replacement targets with new affordable homes over the past five years, data shows.
Under the Right to Buy replacement targets one-for-one additions policy, local authorities have three years from the date of the sale of each home to provide an additional affordable property.
Government figures out this week showed 17,059 additional affordable properties were started or acquired between the first quarter of 2012 and the first three months of 2018, behind the 21,265 that should have been provided for Right to Buy replacement targets.
The data also shows that the number of Right to Buy sales in England fell 13% annually in the second quarter of this year to 2,452, the lowest value since the start of 2013.
Just 837 dwellings were started or acquired as part of the Right to Buy replacement policy over the first quarter of 2018, down 14% year-on-year.
Blog Post from Property Industry Eye
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