Right to buy set to have ‘devastating’ impact on London’s council home stocks

Published by 24dash on Tuesday, 27 January 2015 by Max Salsbury
londonThe amount of homes sold off under the controversial right to buy scheme in London is set to far outstrip the number of new council homes built in the city, a new report has revealed.

According to London Assembly Labour housing spokesperson Tom Copley’s study, the capital’s councils predict they will lose 1.5 council homes for every 1 they build under the government’s ‘reinvigorated’ RTB over the coming decade.

Copley said that his ‘Out of Stock’ report found a “devastating scale of reduction in council housing stock” and called for local authorities to be given new powers to properly invest in new social housing.

Drawing on new data …

Tags: housing, local authorities, London Assembly, Right-to-buy

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