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Right to Buy Scheme

Volume 463: debated on Monday 3 September 2007

To ask the Secretary of State for Communities and Local Government (1) what the average Right to Buy discount in England was for a house in each year since 1996-97; (153498)

(2) what the average sales price was of a Right to Buy house, before any discount was applied, in each year since 1996-97.

The average right to buy discounts and sale prices of social rent dwellings, in England, in each financial year since 1996-97 are shown in the following table. Information for 2006-07 is not yet available.

Right to buy sales1 of social rent dwellings: England (estimated average per dwelling)

£

Local authority sales

Registered social landlord sales

Market value

Sale price

Discount

Market value

Sale price

Discount

1996-97

40,677

20,566

20,110

48,101

23,873

24,228

1997-98

42,123

21,303

20,819

49,162

24,461

24,701

1998-99

45,492

22,614

22,878

51,457

25,129

26,328

1999-2000

48,955

25,324

23,631

53,216

26,945

26,271

2000-01

51,094

27,217

23,876

52,524

27,336

25,189

2001-02

53,519

30,136

23,384

50,782

26,733

24,048

2002-03

58,655

34,863

23,793

59,365

32,127

27,238

2003-04

66,840

42,204

24,635

58,638

32,386

26,253

2004-05

77,176

51,524

25,652

64,728

36,934

27,794

2005-06

83,474

57,925

25,549

72,165

43,879

28,286

1 Includes sales through the preserved right to buy.

Source:

Housing Corporation (CORE), Local authorities (P1B)