Home ownership policy active in England and Northern Ireland
The Right to Buy scheme is a policy in the United Kingdom, with the exception of Scotland since 1 August 2016 and Wales from 26 January 2019, which gives secure tenants of councils and some housing associations the legal right to buy, at a large discount, the council house they are living in.[1][2][3] There is also a Right to Acquire for assured tenants of housing association dwellings built with public subsidy after 1997, at a smaller discount. By 1997, over 1,700,000 dwellings in the UK had been sold under the scheme since its introduction in 1980, with the scheme being cited as one of the major factors in the drastic reduction in the amount of social housing in the UK, which has fallen from nearly 6.5 million units in 1979 to roughly 2 million units in 2017, while also being credited as the main driver of the 15% rise in home ownership, which rose from 55% of householders in 1979 to a peak of 71% in 2003; this figure has declined in England since the late 2000s to 63% in 2017.[4][5][6][7]
Right to Buy is the jurisdiction of the Minister of State for Housing.[8] Critics claim that the policy compounded a housing shortage for people of low income, initiated a national house price bubble, and led ultimately to what is commonly recognised as the displacement and gentrification of traditional communities.[9]
^"Right to Buy - buying your council home- GOV.UK". righttobuy.gov.uk. Retrieved 20 January 2019.
^"Right to buy - mygov.scot". www.mygov.scot. Retrieved 20 January 2019.
^"Welsh Government | Buying your council house". gov.wales. Retrieved 20 January 2019.
^"Council housing numbers hit lowest point since records began". The Independent. 16 November 2017. Retrieved 20 January 2019.
^Disney, Richard; Luo, Guannan (December 2014). "The Right to Buy Public Housing in Britain: A Welfare Analysis- Institute for Fiscal Studies" (PDF). Institute for Fiscal Studies.
^Ministry of Housing, Communities, and Local Government. "English Housing Survey- Home ownership 2016-2017" (PDF).{{cite web}}: CS1 maint: multiple names: authors list (link)
^"House of Commons Research Paper 99/36 30 March 1999 The Right to Buy" (PDF). parliament.uk. 30 March 1999. Retrieved 12 February 2020.
^"Minister of State (Minister for Housing) - GOV.UK". www.gov.uk. Retrieved 22 November 2020.
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