(1) what the average sale price of a property purchased under the (a) Social HomeBuy, (b) Right to Acquire and (c) Right to Buy scheme was in each year since 1997;
(2) what estimate he has made of the average monetary value of a domestic property in the social sector in each of the last five years.
The following table shows the average price of a property purchased under Social HomeBuy, Right to Acquire and Right to Buy in England, for each year since 1997-98.
|Social HomeBuy||Right to Acquire||Local authority Right to Buy||Registered social landlord Right to Buy|
CLG does not collect information about average monetary values of social housing properties. The figures are for the average property price of social homes sold by social landlords under the Social HomeBuy, Right to Acquire and Right to Buy schemes in England.
These property price figures are based on the total property price, not the amount paid by the purchaser, who is entitled to a discount on the market value and may only be purchasing a share of the equity in the property.
The average property price is not shown for the Right to Acquire sales prior to 2001-02, due to a low number of sales in each year.
2008-09 figures are not yet available from CORE.