Welsh Government moves to scrap Right to Buy

4 Jun 15

The Welsh Government is to halve the Right to Buy discount from this summer, and will also bring in legislation to scrap the policy altogether.

Housing minister Lesley Griffiths said these actions would protect Wales’ social housing stock, which has reduced by 45% since 1981.

Three quarters of respondents to the Welsh Government’s consultation, which closed in April, supported the reduction of the maximum sales discount to £8,000, while almost two-thirds (63%) were in favour of ending Right to Buy. Respondents included local authorities, social landlords and tenants.

Griffiths said: “I am pleased key voices in the housing sector, including tenants, participated in the consultation and had their say on this important issue. The consultation on our proposals has brought to the fore some interesting views on Wales’ housing needs and demonstrated people’s support for protecting our social housing stock.

“The decisive action we are taking will go some way towards easing the pressure on our housing supply and protecting our social housing stock. This is in addition to our £400m investment in affordable homes through our Social Housing Grant.”

  • Vivienne Russell

    Vivienne Russell is managing editor of Public Finance magazine and publicfinance.co.uk

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