§ Mr. HinchliffeTo ask the Secretary of State for the Environment what is the total value of receipts from council house sales, to date, resulting from tenants exercising their right to buy.
§ Sir George YoungFigures for receipts resulting from council tenants exercising their right to buy from local authorities are not separately collected by the Department. However, between the introduction of right to buy in 1980 and the end of June 1993, the total value of council dwelling sales to sitting tenants, net of discounts, is estimated to be £17.7 billion.
The number of sales to sitting tenants during this period was almost 1,240,000, and 92 per cent. of such sales resulted from tenants exercising their right to buy.