Surge in council house purchases

First published in News
Last updated
The Northern Echo: Photograph of the Author by , Regional Chief Reporter

NEW figures have revealed a surge in the number of people in the region buying their own council house.

The rise follows a revamping of the to Right to Buy scheme in April last year, including discounts of up to £75,000 for eligible tenants.

In some areas, sales of council houses have doubled, including Darlington where 12 homes have been bought so far in 2012/13, compared to six in 2011/12.

South Tyneside has sold 61 homes since April 2012 compared with 30 in 2011/12.

A rise in sales has also been reported in North Yorkshire. In Richmondshire three homes have been purchased so far this financial year, compared to just one last year.

Nationally, Right to Buy sales doubled from 1,041 between July and September 2012, to 2,010 between October and December of that year.

Housing Minister Mark Prisk said the Right to Buy had “opened the door to home ownership” for thousands of tenants.

 

Comments (1)

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8:14pm Tue 26 Feb 13

spragger says...

Who can be surprised?

The taxpayer subsidises the scheme right, left & centre.

So what happened to hanging onto the housing stock for the so called 'needy cases?
The original concept of Council (Taxpayer subsidised) Housing?
Who can be surprised? The taxpayer subsidises the scheme right, left & centre. So what happened to hanging onto the housing stock for the so called 'needy cases? The original concept of Council (Taxpayer subsidised) Housing? spragger
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