Right to buy discounts halved

Across England the average discount on a local authority home has fallen from 27 per cent in 1997/98 to 11 per cent in 2014/08, junior housing minister Iain Wright said in response to parliamentary questions. The trend was most dramatic in London, where the average discount was worth 53 per cent of an average right-to-buy property 11 years ago, but worth just 13 per cent now, while in other regions the proportion fell from a half to a quarter.