A number of local councils are exploring a five year suspension of ‘Right to Buy’ to secure the future supply of social housing in Wales.
Commenting on proposals to suspend ‘Right to Buy’ in Wales, a Welsh Local Government Association spokesperson said:
“The provision of quality and affordable social housing is a priority for local councils and their housing association partners in Wales. A number of local councils, like Carmarthenshire and Swansea have already made successful applications to the Welsh Government to suspend Right to Buy for a period of five years. An increasing number of the 11 Welsh councils who have retained their social housing stock like Flintshire, Cardiff and Anglesey are also beginning to express an interest.
"Over the last 25 years in which the Right to Buy has operated local councils have seen the level of social housing available in their local areas reduce, at a time when housing demand continues to rise significantly. Suspending the Right to Buy scheme offers local councils the ability to not only retain their existing council housing stock, but also to safeguard any new homes they plan to build in the future. In doing so they make a vital contribution to meeting Wales’ growing demand for affordable social housing.
"Long campaigned for changes to the Housing Revenue Account Subsidy in Wales now offer local councils the ability to invest directly into their local housing stock rather than seeing millions of pounds of rent sent directly to the UK treasury. Suspending the Right to Buy offers councils a way of safeguarding this investment for those in need of social housing in the future.
"The Welsh Government is also proposing to develop new primary legislation to end the Right to Buy in Wales as a whole, and we will work closely with the government that emerges from the Welsh Assembly elections in May to develop this draft Bill as part of the next Assembly's legislative programme."