Communities and Local Government written question – answered at on 30 November 2010.
To ask the Secretary of State for Communities and Local Government how many right to acquire purchases from housing associations have been facilitated (a) in total and (b) with Sharia-compliant financing since January 2005; what the monetary value of such purchases was in each such year; and if he will make a statement.
Between 2005-06 and 2009-10, a total of 1,850 sales took place under the right to acquire scheme with an estimated average market value of £94,000 per property acquired. Information by individual year is provided in the following table. Note the information for average market values is based on larger Registered Social Landlords only. None of the sales was made with Sharia-compliant finance.
Right-to-Acquire social housing sales in England | ||
Number | Average market value (£) | |
2005-06 | 470 | 83,000 |
2006-07 | 570 | 87,000 |
2007-08 | 540 | 108,000 |
2008-09 | 180 | 110,000 |
2009-10 | 90 | 98,000 |
Note: Numbers rounded to nearest 10 homes and market values to £ thousand. Source: Homes and Communities Agency (numbers) and Tenant Services Authority (market value). |
Yes1 person thinks so
No0 people think not
Would you like to ask a question like this yourself? Use our Freedom of Information site.