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One council house built for every eight sold under Government scheme

"Only one new council home is being built for every eight sold under the government’s ‘right to buy’ scheme, new figures reveal, despite a Government pledge that every home would be replaced.
Official statistics show that since the Government’s 2012 re-launch of ‘right to buy’, which grants council tenants discounts to buy their home, 38,479 homes have been sold under the scheme, but just 4,594 built or acquired in replacement.
Housing charity Shelter said that failure to replace council homes would make an “impossible” housing crisis even worse.
Local authorities have said that they do not have the funding to replace homes sold off under ‘right to buy’ at anything like the required rate. Councils receive just a third of the proceeds of each sale. "
Independent

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