Right-to-buy sales on the up as housing market recovers

Sales of council houses under the right-to-buy scheme are continuing to increase as the property market recovers.

Last year 149 homes were sold, bringing in £5.6 million, according to a report which goes before the council’s Safer and Stronger Communities Scrutiny Committee today (Thursday).

In 2011/12, 104 homes wer e bought by tenants, compared to 88 in 2010/11 and 76 the previous year.

“The coalition Government still see the right to buy scheme as an important tool to increase home ownership and a as a means for local authorities to start building new social housing,” said the report.

“The Government is keen to increase right-to-buy sales to fund this new build programme.”

Leaflets are being sent to Sheffield postcodes with many council properties, particularly focusing on 55-to-65-year-olds, who are considered most likely to purchase their homes.

The report predicts 243 houses will be sold this year, rising to 290 by 2015/16.