London has lost 287,384 social rented homes through the Right to Buy, since its introduction in 1980. 26,332 of these have been lost since 2005/06.
This briefing breaks down which boroughs these homes were sold in. We note that Right to Buy sales are dropping in London, presumably due to house prices.
The Government is currently planning to extend the Right to Buy to housing association tenants through shared ownership, though there are not yet full details on how this would work.
We argue for the suspension of the Right to Buy until London’s backlog of unmet social housing need has been fully addressed. This is a position supported by the Chartered Institute of Housing.