Property News · January 12, 2016

Tory bill could cost UK nearly 200,000 council houses, warns Labour


Shadow housing minister says forcing councils to sell could see homes bought by overseas investors and buy-to-let landlords rather than those in housing needMore than 190,000 council houses could be lost by 2020 if the government’s housing bill, currently passing through parliament, is approved, Labour has warned.A proposal to force councils to sell their highest value homes, as well as the impact of increased discounts for council tenants granted the “right to buy”, will result in the loss of one in every eight council properties, according to the shadow housing minister. Continue reading…

Source : theguardian.com
Read more…Tory bill could cost UK nearly 200,000 council houses, warns Labour

You may also like...