Billions knocked off, and most never replaced. Council homes in England sold under Right to Buy from 2012 to 2025 went for £8.7 billion less than they were worth: 133,125 homes valued at £20.2 billion, sold for £11.5 billion. That is 43% off.
Councils had no say: the discount is set by law.
Around 40% of homes sold under Right to Buy are now let out at higher rents, the Government's own consultation says.
Of 147,026 homes sold since 2012, 55,275 have been replaced: under four in ten. The one-for-one replacement target has been missed since 2017-18, the Commons Library says, and ministers stopped reporting it.
Labour cut the discounts in November 2024. After a rush to apply first, sales nearly doubled last year, to 14,275.
A State of Britain analysis of MHCLG social housing sales tables, 2012-13 to 2025-26, cash terms.
Why stop reporting a target you keep missing?