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Right to buy sales out stripping demand

Right to Buy sales are set to outstrip supply of new council homes in London - new research has found. Across the capital, councils predict they will lose 1.5 council homes for every one they build.

Drawing on new data provided by London boroughs the report estimates that based on current development plans around 10,300 council homes will be completed over the decade to 2023/24, compared to an estimated 16,100 Right to Buy sales leaving almost 6,000 fewer council homes by 2023/24.

The London Assembly Labour data shows that London boroughs expect 1.5 council properties to be sold over the next ten years for every new home that will be built.