Right to Buy scheme could collapse because Britain is running out of council houses

About 12,224 houses were sold under Right to Buy last year
About 12,224 houses were sold under Right to Buy last year Credit: LEON NEAL

The Right to Buy scheme could collapse because Britain is running out of council houses, a new report warns.

More than 60,000 houses have been sold under the scheme in the past six years, according to the Local Government Association (LGA).

The sale price of Right to Buy homes is typically half the market rate, which has left local authorities with enough money to build or buy just 14,000 homes to replace the one they sold off.

The scheme helps eligible council and housing association tenants in England to buy their home with a discount of up to £80,900, which rises to a maximum discount of £108,000 in London.

More than 1.8 million council homes have been sold in this way since the scheme was...

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