Property News · April 18, 2015

Why the right to buy council homes is all wrong


Proposals to revive the right-to-buy scheme piles even more pressure on the country’s dwindling supply of social housingThere is a council flat in a posh part of London where the buyer has exercised his (or her, we don’t know the name) right to buy. The price? The agent who arranged the sale said it was worth around £1.1m. We don’t know the final price paid but it was supported by a £100,000 giveaway by the taxpayer.The agent was from Righttobuy.coop, one of the country’s biggest brokers for council house sell-offs and responsible for about a fifth of the market. But is this the sort of taxpayer giveaway the government should be indulging at a time when the waiting list for social housing is more than 3 million people? Continue reading…

Source : theguardian.com
Read more…Why the right to buy council homes is all wrong

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