Property News · February 10, 2016

Right to buy puts 40% of ex-council homes in private rental – MPs' report


Forcing councils to sell off homes and extending right to buy has profited private landlords, Commons’ committee findsForty per cent of ex-council flats sold through right to buy are being rented out more expensively by private landlords, the Commons communities and local government select committee has found. In the committee’s report, released today, MPs expressed concerns about “unresolved issues” with the government’s proposed extension of right to buy to housing associations, and a levy on the sale of vacant council homes. It found that in some areas councils could be forced to sell up to 97% of properties upon vacancy. Continue reading…

Source : theguardian.com
Read more…Right to buy puts 40% of ex-council homes in private rental – MPs’ report

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