Saturday 19 November 2011

Half price council home: Two million properties to be sold off as Government revive Thatcher's 'Right to Buy' scheme | Mail Online

Half price council home: Two million properties to be sold off as Government revive Thatcher's 'Right to Buy' scheme | Mail Online

Up to two million council houses could be sold to their tenants under Government plans to revive Margaret Thatcher’s landmark ‘Right to Buy’ scheme.

Ministers are to offer heavy discounts – worth up to 50 per cent – in a bid to persuade people to buy their homes. The proceeds will then be ploughed back directly into building new homes in the area.

The Government hopes that the new drive could result in another 100,000 homes being built, creating 200,000 jobs.

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