Increase in social housing tenants buying their homes
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Sales of social housing to sitting tenants are 16% higher this year than in 2008/09.
There were an estimated 8,510 total social housing sales which contrasts with falls in social housing sales in recent years and due to an increase in sales of Registered Provider properties.
There were an estimated 3,100 Right to Buy sales in England in 2009-10, 36% of all sales, a 20% decrease from 2008-09.
Around three-quarters of Right to Buy sales were of Local Authority properties.
A further 2,940 sales, 35% of total sales, were disposals of Registered Provider properties to the private sector.
Other shared equity and outright sales to sitting tenants accounted for the remaining sales.
The average market value of Local Authority properties purchased through Right to Buy in 2009-10 was £101,260.
This produced average capital receipts of £74,610 and an average discount of £26,660 per property.
Registered Provider sales included 90 properties sold through the Right to Acquire scheme, compared to 180 in 2008-09, and 80 through Social HomeBuy, compared to 100 in 2008-09.
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