Councils’ ability to replace homes sold under Right to Buy (RTB) will be effectively eliminated within five years, a new study for the Local Government Association (LGA) has warned.
Research by real estate firm Savills, published today, found that two-thirds of councils will have ‘no chance of replacing homes sold off under RTB on a one-for-one basis in five years’ time unless a significant restructuring of the scheme take place’.
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