§ Mr. Lofthouseasked the Secretary of State for the Environment what is the latest estimate of complete sales under the right-to-buy provisions of the Housing Act 1980 for both local authorities and new towns in England and Wales; what was the average price of each dwelling (a) before discount and (b) net of discount; how many dwellings were sold at full 50 per cent. discount; and what proportion of the price is estimated to have been received as an initial receipt.
§ Mr. StanleyTotal completed sales under the right to buy by local authorities and new towns in England and Wales up to 31 December 1982 were 261,480.
Information on prices and receipts for sales under the right to buy is not separately reported. For all local authority and new town sales, whether under the right to buy or the general consent and including sales of empty dwellings as well as to sitting tenants, the average sale price in England and Wales from October 1980 to December 1982 was £16,500 before discount and £9,700 after discount. The number sold at full 50 per cent. discount is not available.
The average proportion of the sale price after discount, received as an initial receipt, was 45 per cent.