§ Mrs. Maddock
To ask the Secretary of State for the Environment what is the total asset value of local authority owned housing stock.
§ Mr. Robert B. Jones
The Department has no direct data on the value of dwellings owned by local housing authorities.
However, for the purpose of setting guideline rents for housing revenue account subsidy, the value of each authority's stock is estimated, based on the pre-discount prices of recent right-to-buy purchases. For the year 199495, the total of these estimates for all English housing authorities was £151.43 billion.