The controversial Right to Buy scheme is expected to reduce the dwindling social housing stock by nearly 190,000 properties by 2040, research has revealed.
Figures from the development consultancy Marrons showed that 89,091 social rent properties owned by councils were sold through Right to Buy nationally between 2015-16 and 2022-23.
The consultancy estimated that if this continued it would result in a loss of 189,318 social homes by 2040.
Planning director at Marrons, Craig Pettit, described the forecast as ‘harrowing' because of the increase to 1.2 million of the number of people on social housing waiting lists in 2023.
