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29/11/2018

20,000 social homes sold last year - stats

Words: Laura Edgar
Statistics / iStock-507213599

In 2017/18 there were 20,891 sales of social housing dwellings, statistics released by the Ministry of Housing, Communities and Local Government (MHCLG) have suggested.

This amounts to 0.5 per cent of four million social rented sector dwellings.

Sales declined by 10 per cent last year, but remained above the number sold in 2012 before increased Right to Buy discounts were introduced. In 2012, just 8,061 sales were made.

Breaking the 20,891 properties sold down:

  • Local authorities sold 12,059 and 8,832 were sold by private registered providers (PRP)
  • Right to Buy sales by local authorities totalled 11,833, a 12 per cent decline on a year earlier. PRPs made 4,223 Right to Buy sales, 10 per cent less than 2016/17.
  • In total in 2017/18, there were 16,056 Right to Buy sales, which equates to 77 per cent of all social housing sales.
  • Right to Buy sales by a local authority were for an average discount of 42 per cent of the selling price. This is 15 percentage points higher than in 2011/2012. Properties sold under Right to buy by PRPs had an average discount of 51 per cent of the selling price, 20 percentage points higher than in 2011/12.

Social lettings

From April 2017 to March 2018, there were 313,000 new social housing lettings, a 6 per cent decline when compared to 2016/17.  New lettings totalled 7 per cent of stock last year, which is similar to 2016/17.

New social housing lettings decreased by 5 per cent from 2007/2=08 to 2017/18.

According to the statistical release, two-thirds of new social housing lettings in were to tenants not living already living in social housing.

The release also states:

  • 75 per cent of new social housing households were led by single adults; 31 per cent of lead tenants were employed.
  • Black households were over-represented in social housing, whilst Asian households were under-represented.
  • The average rent for a new social letting in 2017/18 was £83 per week with households spending 34 per cent of their income on rent.

Read more:

Social Housing Sales: 2017/18, England (pdf)

Social Housing Lettings: April 2017 to March 2018, England (pdf)


Image credit | iStock

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