To ask the Scottish Executive what total receipts were generated from the sale of homes under right-to-buy legislation in each year since its introduction and what its best estimate is with regard to how such receipts were applied to (a) repayment of debt, (b) investment in new or improved homes by local authorities and other social landlords and (c) other purposes.
The number of sales to public authority sitting tenants under right-to-buy legislation and the total receipts from these sales are shown in the following table.
Right-to-Buy Sales and Receipts from Sales to Sitting Tenants of Public Authority Stock: 1979-2007
Year | Number of Sales | Total Receipts (£000) | Year | Number of Sales | Total Receipts (£000) |
1979 | 1,000 | 7,345 | 1994 | 20,500 | 305,716 |
1980 | 4,700 | 35,355 | 1995 | 16,300 | 247,825 |
1981 | 8,800 | 69,291 | 1996 | 12,600 | 195,188 |
1982 | 12,300 | 103,890 | 1997 | 16,500 | 255,415 |
1983 | 15,000 | 138,833 | 1998 | 14,100 | 213,294 |
1984 | 13,700 | 136,161 | 1999 | 13,300 | 208,511 |
1985 | 12,600 | 127,869 | 2000 | 14,000 | 223,721 |
1986 | 11,400 | 120,948 | 2001 | 13,100 | 214,381 |
1987 | 15,400 | 159,218 | 2002 | 15,800 | 272,293 |
1988 | 24,800 | 250,179 | 2003 | 17,500 | 328,325 |
1989 | 32,500 | 335,156 | 2004 | 12,800 | 283,793 |
1990 | 29,300 | 317,090 | 2005 | 11,100 | 287,632 |
1991 | 20,600 | 254,346 | 2006 | 8,800 | 261,188 |
1992 | 21,700 | 292,502 | 2007 | 7,400 | 261,630 |
1993 | 18,100 | 260,175 | | | |
Source: Sales 3 returns to the Scottish Government communities analytical services (housing statistics). Scottish Homes data provided by Communities Scotland.
Notes:
1. Public authorities include local authorities, new towns and Scottish Homes.
2. Public authorities with total stock transfers are included to ensure comparability over time.
3. Figures have been rounded to the nearest 100 for sales and the nearest £1,000 for receipts, and include estimates due to outstanding returns.
4. All monetary values are nominal and not adjusted for inflation.
The Scottish Government does not hold information about the extent to which receipts from right-to-buy sales have contributed to debt repayment for the entirety of the period. Prior to 1996, there were no constraints on the use of such receipts. Between 1996 and 2004, local authorities were required to set aside a proportion of receipts for repayment of debt, 25% in 1996, rising to 75% in 1997. From 2004 onward, local authorities have had complete discretion over use of receipts. Information on the extent to which receipts have been used for other purposes is not held centrally.