Out of Stock: The Future of Right to Buy in Wales

Right to Buy, introduced by Margaret Thatcher in 1980, has helped thousands of people in Wales to buy their social homes at a discounted rate. However, this has come at a detriment to Wales’ struggling social housing stock. Over the lifetime of Right to Buy, more than 130,000 homes have been bought at a discount and removed from the social sector altogether, accounting for a 45% decrease in the number of social homes across Wales. This is something Wales simply cannot afford. Affordable and social housing are a vital safety net for the most vulnerable in our society and, with Wales being disproportionately affected by welfare changes, this safety net is now more important than ever. Right to Buy has contributed to a lack of availability and to the backlog of people languishing on housing lists across Wales.

The Community Housing Cymru Group welcomes Labour’s proposal to end Right to Buy, should they win the next Welsh Assembly elections, with the reservation that this measure is like closing the stable door after the horse has bolted – we have an affordable housing crisis in Wales and ending Right to Buy will not build more homes. Ending Right to Buy needs to be part of a bigger approach to tackling Wales’ chronic housing problem including more use of public land for affordable housing development, more planning freedoms and a sustained programme of investment. The Legislative Competence Order already provides Welsh Ministers with the power to allow councils to refuse Right to Buy requests in areas where there is high demand for affordable housing, as has been done in Carmarthenshire. CHC has signed a Housing Supply Pact with the Welsh Government and will continue to work with members and Welsh Government to deliver the affordable housing target of 10,000 homes by 2016 to help ease the pressures of low housing stock and a backlog of unmet housing need.

To own a home is a great ambition but to have a home to go to is essential – ending Right to Buy will help meet the needs of many but it is only a small part of what is a big problem.

The Welsh Government has opened a consultation on the future of Right to Buy and Right to Acquire which will close on 16th April 2015.

Liam Townsend
Political and Administration Assistant