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Right to Buy Scheme: Rural Areas

Volume 502: debated on Thursday 10 December 2009

To ask the Secretary of State for Communities and Local Government how many right to buy sales there were in rural areas in each year since 1997; what the average discount available to buyers was; and what the average discount was as a percentage of the value of such property. (306012)

The following table shows the number of local authority right to buy homes sold in rural areas, the average discount and market value of these sales, and the discount as a proportion of the average market value, in each year since 1997-98:

Local authority right to buy sales in rural areas

Number

Average discount (£)

Average market value (£)

Discount as a percentage of value

1997-98

12,820

1998-99

11,420

21,000

43,000

49

1999-2000

15,250

22,000

47,000

47

2000-01

12,840

22,000

49,000

45

2001-02

12,450

22,000

50,000

43

2002-03

14,590

23,000

57,000

41

2003-04

13,950

23,000

60,000

37

2004-05

8,990

22,000

63,000

35

2005-06

5,190

24,000

77,000

32

2006-07

3,280

25,000

88,000

29

2007-08

2,000

26,000

98,000

27

2008-09

420

27,000

101,000

26

These figures reflect the sales of local authority properties through the right to buy scheme in the 178 local authorities defined as rural by the Defra rural definition (2004).

The figures are from quarterly P1B returns from local authorities to CLG. Number of sales and financial data from 2005-06 onwards include imputation for a small number of missing returns. Prior to this, the figures on average discounts, average market values, and discount as a percentage of market value in rural areas are based on the reported figures, and do not include imputation for missing returns. Financial details on right to buy sales are not available prior to 1998-99.

Right to buy and preserved right to buy sales can also be made by registered social landlords (RSLs). Data on RSL RTB sales are collected by the Tenant Services Authority (TSA), but these figures are not available by the spatial level required to provide estimates of RTB sales in rural areas. Typically LA sales make up around 80 per cent. of total RTB sales in England.