House price boom drives right to buy
House price boom drives right to buy
- 2004
- Inside Housing 11 June 2004, 7(1) .
A study by Northern Housing Consortium has revealed that tenants are exercising their right to buy in order to cash in on the house price boom. Tenants are no longer buying their homes and staying on the estate but are using the capital gained by selling the property to buy in the area of their choice. The study has highlighted flaws in the right to buy scheme as insufficient houses are built to replace those that are sold and the privately-owned properties are no longer maintained which could be problematic in future when trying to regenerate estates in a holistic way. Northern Housing Consortium website, http://www.northern-consortium.org.uk
RIGHT TO BUY SALES
LOCAL AUTHORITY HOUSING
Affordable housing
COUNCIL ESTATES
A study by Northern Housing Consortium has revealed that tenants are exercising their right to buy in order to cash in on the house price boom. Tenants are no longer buying their homes and staying on the estate but are using the capital gained by selling the property to buy in the area of their choice. The study has highlighted flaws in the right to buy scheme as insufficient houses are built to replace those that are sold and the privately-owned properties are no longer maintained which could be problematic in future when trying to regenerate estates in a holistic way. Northern Housing Consortium website, http://www.northern-consortium.org.uk
RIGHT TO BUY SALES
LOCAL AUTHORITY HOUSING
Affordable housing
COUNCIL ESTATES