Nearly 113,000 council homes could be sold off across England to help finance the government’s controversial plans to extend the right-to-buy scheme, according to analysis from Shelter.
Under the plans, councils will be expected to sell-off the most expensive homes when they become vacant to fund the extension of the right to buy to 1.3 million housing association tenants.
Shelter looked at how many homes in each area would have to be sold if the thresholds for selling were set as has been suggested. If, as has been suggested, the prices were set at a regional level, unaffordable towns such as Oxford could be set the same thresholds as places such as Hastings where property is much cheaper.
In London, it seems that one-bedroom homes worth more than £340,000 would be sold, while in the north-east the sale would be forced on a one-bedroom property worth more than £80,000.
In Kensington and Chelsea it found that 97% of the council housing stock could be sold when it becomes vacant, in Cambridge nearly half, , and nearly a fifth of that in York.
The London borough of Camden would also be among the most affected, with more than 11,700 homes eventually facing a forced sale – almost half of the total council housing stock there.