§ Ms BuckTo ask the Deputy Prime Minister how many units were disposed of and what the total value was of disposals by registered social landlords in each year since 1997. [70275]
§ Mr. McNultyThe Housing Corporation advises that the number of units disposed of by registered social landlords (RSLs) during the past four years were as follows:
1211W
£ 1997–98 1998–99 1999–2000 2000–01 Partial sales and other disposals Shared ownership: total sales of initial shares 6,887 6,209 4,392 3,718 Total demolitions 1,612 1,961 3,335 2,640 Notes:
1. Sales and demolitions data are derived from the Housing Corporation's annual Regulatory and Statistical Return (RSR).
2. The estimated market values of 100 per cent. sales are derived from CORE (reported sales).
3. The value of the sale of initial shares sold under Shared Ownership schemes cannot easily be determined.
4. A monetary value cannot be associated with demolitions.
5. Sales under the Home Buy scheme are not reported on separately the RSR—but it is likely that they have been included in the Shared Ownership total.
The market values of sales are "estimated" rather than "actual" because not all sales are reported in CORE. Consequently the average value derived from CORE may not be the actual average value of the total sales as reported in the RSR.