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This briefing note examines the Right to Buy policy in the United Kingdom, by which council tenants could buy their council properties at a discounted price, and the subsequent extension of the policy to most forms of social housing. This policy constituted the largest source of privatisation revenue to HM Treasury, especially in the 1980s, exceeding the revenues from all other individual privatisations. It was responsible for one of the biggest transformations of housing tenure of households in the UK’s history. The briefing note shows how the Right to Buy policy might be evaluated using economic principles; a formal theoretical economic model of housing tenure choices in the presence of Right to Buy is contained in an associated working paper published by IFS.
Authors
Research Associate University of Sussex
Richard is an IFS Research Associate, a Part-time Professor of Economics at the University of Sussex and a Visiting Professor of Economics at UCL.
Report details
- DOI
- 10.1920/BN.IFS.2015.00162
- ISBN
- 978-1-909463-77-6
- Publisher
- Institute for Fiscal Studies
Suggested citation
Disney, R. (2015). The right to buy public housing in Britain: a welfare analysis. London: Institute for Fiscal Studies. Available at: https://ifs.org.uk/publications/right-buy-public-housing-britain-welfare-analysis (accessed: 6 May 2024).
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