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Surge in Right to Buy sales

A surge in the number of individuals taking advantage of the government's ongoing and longstanding Right to Buy scheme for social housing has been witnessed in recent months.

In the last financial year there has been a significant rise in interest in the programme, with 72 councils across the country having registered a rise of more than 50 per cent in the number of Right to Buy sales since April 2012.

Indeed, Dacorum authority reported a 240 per cent rise, Welwyn Hatfield saw a surge of 300 per cent and Wandsworth revealed a staggering 1,300 per cent upturn in activity.

It is believed that the government's specification to treble the maximum discount for those seeking Right to Buy to £75,000 has played a significant part in this increased level of popularity.

Housing minister Mark Prisk said: "The reinvigorated Right to Buy has opened the door to home ownership for thousands of tenants across the country and I'm delighted to see so many taking up this opportunity.

"But from the 200,000 hits on our website, to the councils that report to me the surge they've seen in applications, I know there are many more that want to follow in their footsteps."

Mr Prisk added that any current tenant that aspires to take part in the Right to Buy scheme should contact their local council for more details, as it could be more straightforward than many people currently believe to get involved.

The news comes at a time when government figures are painting a fairly bleak picture for the new homes sector, with construction currently standing at less than half of the required amount per annum to effectively tackle the ongoing housing crisis in the UK.

Data from the Department for Communities and Local Government showed this month that less than 100,000 new homes were built across the country in 2012 - a ten per cent fall from the previous year. 

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