Property prices: Londoners rush to buy last of the best council homes as right to buy discounts extended - London - News - Evening Standard

Property prices: Londoners rush to buy last of the best council homes as right to buy discounts extended - London - News - Evening Standard

The number of Londoners buying their council homes has increased dramatically since discounts were quadrupled under a new right to buy scheme, figures revealed today.

Town halls have seen a huge surge in applications since the start of April when the discount was increased to a maximum of £75,000 as part of a bid to revive Margaret Thatcher’s 1980s home ownership scheme.
But some boroughs have warned the soaring interest will strip them of their best properties at a time when 350,000 families are on social housing waiting lists.