Right to Buy scheme may be coming to an end in Wales

Tue, 20 Sep 2016

The Right to Buy scheme in Anglesey is being suspended to protect the stock of council housing on the Welsh island, following in the footsteps of Swansea and Carmarthenshire who have also been granted power to stop the use of Right to Buy.

The Right to Buy scheme helps eligible tenants living in council or social housing to purchase the home, at a discounted price. There were 138,709 council homes sold between 1981 and 2014 through the Right to Buy scheme, reducing the stock of social housing by 45 per cent.

This is the latest step in legislation plans by the Welsh Government to abolish Right to Buy in the country, with the scheme being blamed for substantially reducing the stock of social housing in Wales.

Fewer than 4,000 properties remain in the housing stock of Anglesey council, following sales of almost 50 per cent of its stock through the Right to Buy scheme.

The Welsh Cabinet Secretary for Communities and Children, Carl Sargeant, said: "I have agreed to Anglesey council's application to suspend the Right to Buy to help them deal with the pressure their social housing is facing and to ensure that homes are available to those who need them.

"While this will help one area for a short period of time, we also need to address this issue for the long term. This is why I will be introducing legislation to abolish the Right to Buy in Wales.

"The Right to Buy is depleting our social housing stock. This damaging policy is further increasing the pressure on our social housing supply and is forcing many vulnerable people to wait longer for a home.

"Legislating to end the Right to Buy is the only sure way to prevent this and give social landlords the confidence to invest in building more of the affordable homes Wales needs."

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