Right to buy boosts home ownership

December 15, 2015

According to a recent press release from the Department for Communities and Local Government and Brandon Lewis MP, Right to Buy is boosting home ownership across the country.

Nearly 270,000 households have now been helped to purchase a home through government backed schemes including Right to Buy and Help to Buy since 2010.

This has been boosted by latest figures showing nearly 3,000 people bought under the Right to Buy scheme between July and September, a 3% increase.

And councils received £230 million from sales of homes – a 9% increase for the same quarter last year – which will go towards building additional homes.

For every property sold under Right to Buy a new additional affordable home will be provided which will further increase housing stock nationwide.

The top 10 places taking up Right to Buy are: Birmingham, Leeds, Sheffield, Sandwell in the West Midlands, Southwark, Greenwich (both in London), Nottingham, Leicester, Barking and Dagenham in London, and Wolverhampton.

Check out full press release on Government website

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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