The following table shows the average Right to Buy discount as a percentage of house prices in England, by year and region.
North East North West Yorkshire and Humber East Midlands West Midlands 1997-98 27 — 26 25 25 1998-99 25 — 25 26 24 1999-2000 17 23 23 23 23 2000-01 19 21 22 21 22 2001-02 17 20 21 20 20 2002-03 16 18 17 19 17 2003-04 16 18 17 16 17 2004-05 16 16 15 15 15 2005-06 16 16 16 14 15 2006-07 15 16 15 15 15 2007-08 14 16 15 14 14
Eastern London South East South West England 1997-98 28 29 27 26 27 1998-99 26 27 26 25 26 1999-2000 27 24 25 24 24 2000-01 23 21 21 22 21 2001-02 21 20 20 21 19 2002-03 19 17 18 18 17 2003-04 17 16 17 17 15 2004-05 17 14 16 15 14 2005-06 16 11 16 15 13 2006-07 16 8 15 14 12 2007-08 15 6 14 13 11 Source: Right to Buy figures are from P1B returns from local authorities to CLG. Average property prices are from CLG House Price Index figures.
The following table shows the average Right to Buy discount as a percentage of Right to Buy property prices in England, by year and region.
North East North West Yorkshire and Humber East Midlands West Midlands 1997-98 49 49 47 47 48 1998-99 48 48 47 50 49 1999-2000 47 48 47 46 48 2000-01 47 47 46 45 49 2001-02 46 46 46 43 47 2002-03 45 45 44 41 44 2003-04 42 43 43 38 40 2004-05 34 41 40 35 34 2005-06 34 37 35 31 33 2006-07 31 34 31 28 30 2007-08 28 32 28 27 30
Eastern London South East South West England 1997-98 50 53 49 49 49 1998-99 49 53 50 50 50 1999-2000 47 51 47 48 48 2000-01 45 48 44 46 47 2001-02 43 42 42 44 44 2002-03 39 37 39 40 41 2003-04 35 32 35 36 37 2004-05 33 28 32 34 33 2005-06 30 22 30 31 31 2006-07 27 14 28 28 27 2007-08 25 13 26 27 24 Source: P1B returns from local authorities to CLG.
The Right to Buy (RTB) property price figures are based on the total property price, not the amount paid by the purchaser, who is entitled to a discount on the market value. The figures only cover sales of local authority properties through the RTB scheme, not sales of registered social landlord properties. Around 80 per cent. of RTB sales in 2007-08 were local authority properties, while 20 per cent. are of properties owned by registered social landlords.
The average property prices are based on the average of the monthly prices, and the weights used in the mix-adjustment process are changed each year. Figures are not available for the North West for 1997 and 1998 because the North West was previously calculated excluding Merseyside, and mix-adjusted prices for the North West including Merseyside are only available from 1999.
The RTB figures are on a financial year basis, the average property prices are on a calendar year basis.
The following tables show the number of house building completions, and the number of affordable housing new build completions, by year and region.
The following tables show the number of homes built in each year since 1997-98, by region.
North East North West Yorkshire and Humber East Midlands West Midlands 1997-98 7,580 19,200 15,460 14,550 13,390 1998-99 6,540 19,220 13,080 14,760 14,250 1999-2000 7,200 18,280 13,320 16,480 15,380 2000-01 6,640 18,170 13,340 13,680 14,090 2001-02 6,430 15,840 13,170 14,100 13,370 2002-03 5,610 18,200 13,200 14,880 13,870 2003-04 5,940 17,750 14,000 14,380 13,840 2004-05 7,130 17,910 14,190 15,470 14,150 2005-06 7,640 20,620 16,040 16,890 16,190 2006-07 8,150 18,070 16,250 17,990 15,100 2007-08 7,980 20,310 15,670 17,380 13,520
Eastern London South East South West England 1997-98 21,300 13,620 25,440 19,000 149,560 1998-99 18,950 14,430 23,200 15,830 140,260 1999-2000 18,770 13,680 22,800 15,890 141,800 2000-01 16,030 14,490 21,840 14,970 133,260 2001-02 15,620 13,930 21,820 15,600 129,870 2002-03 17,840 15,670 22,750 15,730 137,740 2003-04 18,400 19,390 24,280 15,980 143,960 2004-05 19,890 24,060 25,690 17,410 155,890 2005-06 20,250 18,810 28,210 18,760 163,400 2006-07 22,560 22,760 27,360 19,430 167,680 2007-08 22,230 20,740 30,170 18,990 166,990 Source: P2 quarterly returns submitted by local authorities and the National House-Building Council (NHBC) to CLG.
The following tables show the number of affordable homes built in each year since 1997-98, by region.
North East North West Yorkshire and Humber East Midlands West Midlands 1997-98 1,250 3,190 2,560 1,970 2,480 1998-99 950 3,570 1,840 1,870 2,530 1999-2000 790 2,590 1,600 1,590 2,790 2000-01 560 2,370 1,450 1,360 2,260 2001-02 820 2,610 1,400 1,320 1,950 2002-03 300 2,550 1,230 1,300 2,460 2003-04 560 1,620 1,430 1,400 2,090 2004-05 690 1,960 1,190 1,630 2,610 2005-06 930 2,040 1,550 2,480 3,370 2006-07 1,230 2,230 1,830 2,370 2,440 2007-08 830 3,280 1,970 3,410 3,750
Eastern London South East South West England 1997-98 2,840 4,920 5,470 3,550 28,210 1998-99 2,990 4,890 5,360 2,550 26,550 1999-2000 2,020 4,410 3,940 2,630 22,360 2000-01 2,250 4,850 3,610 2,230 20,940 2001-02 2,360 5,000 3,860 2,430 21,740 2002-03 2,460 4,420 4,180 2,210 21,100 2003-04 2,760 6,010 5,160 2,860 23,890 2004-05 3,140 6,430 6,440 2,850 26,930 2005-06 4,160 7,460 7,500 3,770 33,260 2006-07 5,020 10,190 7,600 3,360 36,260 2007-08 6,260 11,160 8,290 4,630 43,560 Source: Affordable housing new build figures are collated from the Homes and Communities Agency Investment Management System (IMS); and Housing Strategy Statistical Appendix (HSSA) returns and P2 house building returns submitted to CLG by local authorities. Not all affordable housing is provided by new build completions, as some supply can come from acquisitions.
Not all affordable housing is provided by new build completions, as some supply can come from acquisitions. For example, an additional 10,170 affordable homes were acquired in England in 2007-08; these are not included in the tables above.
Each applicant for a HomeBuy scheme has a financial assessment carried out as part of the process to establish their eligibility and ability to afford the costs of the scheme. The Homes and Communities Agency does not collect information on the number of financial assessments that are carried out.
A copy of the standard contract between the Homes and Communities Agency and HomeBuy agents has been placed in the Library of the House. Individual contracts are commercially confidential.
Receipts from Social HomeBuy sales by housing associations are retained by the vendors and are used to provide further social rented homes.
Local authorities may retain all Social HomeBuy sales receipts provided that these are used for the purposes set out in The Local Authorities (Capital Finance and Accounting) (Amendment) (England) Regulations 2006—Statutory Instrument 2006 No. 521—ie, for the purpose of providing affordable housing or of meeting the costs of the Social HomeBuy scheme.
For the number of homes purchased for social rent, I refer the hon. Member to the answer I gave him on 8 May 2009, Official Report, columns 450-51W.
CLG do not have figures on who homes purchased for social rent were bought from.
I refer the hon. Member to the answer given to him today, Official Report, (PQ 275906).