Right to Buy (Hansard, 21 March 1995)

§ Mr. Hinchliffe
To ask the Secretary of State for the Environment what is his current estimate of the total value of tenancies sold under the right to buy.

§ Mr. Robert B. Jones
Prior to 1993 figures for receipts resulting from council tenants exercising their right to buy from local authorities were not separately collected by the Department. However, between the introduction of the120W 1992 Autumn Statement had been maintained, (d) the estimated number of homes that will be built with the money now available and (e) the estimated number of homes that could have been built if funding had been provided at the original proposed funding level as set out in (c); and if he will make a statement.

§ Mr. Robert B. Jones
[holding answer 16 March 1995]: Allocations made to London boroughs from the Housing Corporation's 1995–96 approved development programme for the provision of new rented housing are listed below together with the Housing Corporations's estimate of what the allocations may have been if funding plans in the 1992 Autumn Statement had been maintained.
right to buy in 1980 and the end of September 1994, the total value of council dwelling sales to sitting tenants, net of discounts is estimated to be £19.0 billion.
The number of sales to local authority sitting tenants during this period was almost 1,300,000, and 92 per cent. of such sales resulted from tenants exercising their right to buy.
Information on the value of right-to-buy sales to sitting tenants of new towns and housing associations is not available.

§ Mr. Hinchliffe
To ask the Secretary of State for the Environment how many local authority owned houses and flats have been sold, to date, since the introduction of the right to buy in each local authority area in England. [14714]

§ Mr. Robert B. Jones
Tables showing the available information on total right-to-buy sales for each English local authority for every financial year since 1980 and a cumulative total to March 1994 are in the Library. 121W In addition, the tables also give data on total sales and on the number of flats sold.