Tenants behind Right to Buy surge
Figures published today show that the number of homes sold between April 2012 and April 2013 totaled 5,942, more than double the number sold in the previous year and the highest numbers of sales since 2007.
Launched in April last year, the reinvigorated Right to Buy offers eligible tenants discounts of up to £75,000 off the value of their home, and up to £100,000 in London.
A total of 2,449 properties were sold between January and March this year, more than 4 times the 566 sold during the same period in 2012.
Housing Minister Mark Prisk said that with discounts increased to a maximum £100,000 in London, and moves to make even more tenants eligible for the Right to Buy, these sales figures could increase even further over the coming year.