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It’s the free-marketeers’ favourite update of the month: England’s Right to Buy sales figures.
So, how many homes were flogged in 2018-19’s last quarter? Well, the government’s figures show that English councils sold ‘an estimated’ 2,612 properties in Q4 (January to March 2019), though ‘2,612’ seems a strange figure to arrive at via an estimate.
It’s actually a 23% drop from the 3,396 homes sold in the same quarter of 2017-18.
Local authorities made, again ‘approximately’, £219.7 million from the last quarter’s sales, 16% lower than the £262.4 million in the same quarter of 2017-18 – but, still, should be plenty enough to build 1000s of replacement homes, yeah?
Oh: turns out there ‘were 1,406 dwellings started on site or acquired (as part of Right to Buy replacement policy) in Q4 2018-19’, which was 13% lower than 2017-18’s number.
Anyway, that brings 2018-19’s total figure to 10,213 – and the total of replacement homes either started on site or acquired was, wait for it, 4,966.
Have a nice weekend.