Autumn Statement 2011 Half Price Council Houses
Published / Last Updated on 29/11/2011
Autumn Statement 2011 - Half Price Council Houses.
The Chancellor has confirmed that a 50% discount incentive will be offered to allow tenants to purchase their council homes, now known as “social housing”.
In short, the Government is looking to kick start the ‘right to buy’ your council house market, to offload old property stock.
In return, this will lead to the release of millions of pounds of new money to enable to Government to fund new social housing and new build schemes to meet demand for the projected 750,000 housing shortfall in 2025.