Right to buy 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.
Housing Minister Brandon Lewis said:
“We are determined to make peoples aspiration for owning their own home a reality and these figures show the growing eagerness of tenants to take up their Right to Buy.
We have got Britain building again and the additional homes that will be build from the sale of properties is an important part of our commitment to deliver one million new homes.”