Right To Buy for new tenants entering the social rented sector will be ended soon, it was announced today.
First time tenants and those returning to social housing after a break, will no longer be entitled to Right to Buy. Existing tenants will not be affected.
Since its introduction 30 years ago, the Right to Buy has resulted in the sale, at a discount, of almost half a million homes for rent in Scotland.
Over a 10 year period it is estimated the Right To Buy reforms will retain up to 18,000 properties in the social housing sector that otherwise would be sold off.
Deputy First Minister Nicola Sturgeon said: "Home ownership is a laudable ambition. It is an aspiration this government supports and through our investment in shared equity, we are helping more than 1,500 people get a foot on the housing ladder this year.
"But we also have a responsibility to provide homes for those who want to rent or cannot afford to buy. The credit crunch and the recession have reminded us just how important that duty is.
"But building new homes for rent is pointless if we then simply sell them off under the Right to Buy. That is why I believe the Right to Buy has had its day."
Ms Sturgeon said the government will bring forward proposals to abolish the Right to Buy for all new tenants. The proposals will safeguard up to 18,000 houses for future generations.
The Scottish Government is committed to safeguarding social housing for future generations. Around one in four Scottish households lives in social housing that provides a secure and sustainable alternative to home ownership for over 600,000 households across the country.
The Housing (Scotland) Bill will do this by reforming Right to Buy and modernising regulation to improve value for tenants and taxpayers.
(GK/KMcA)
Time and date
CONSTRUCTION DIRECTORY
Latest Construction News
26/11/2024
Scottish Water has unveiled its largest-ever procurement initiative, aiming to modernise the nation's water and wastewater infrastructure while safeguarding the environment. The program, named Delivery Vehicle 4, is valued between £5 billion and £9 billion and is set to run from 2027 to 2033, with ...
26/11/2024
The City of Edinburgh Council has granted planning permission, subject to conditions, for the refurbishment of Calton Square, an office building currently occupied by Baillie Gifford until the end of December 2025. Promoted by Ardstone Capital on behalf of Manova Partners, the project aims to ...
26/11/2024
First Minister John Swinney, MSP for Perthshire North, praised the progress being made on the construction of the new Perth High School during a visit on Friday, 22 November. He was joined by Jim Fairlie, MSP for Perthshire South and Kinross-shire, alongside senior Perth and Kinross Councillors, ...
26/11/2024
A state-of-the-art playpark has officially opened at King George V Park in Bearsden, following the completion of a £100,000 refurbishment. Funded by a combination of East Dunbartonshire Council (EDC) Capital Funding and the Scottish Government’s Renewing Scotland’s Play Parks initiative, the ...
26/11/2024
Fife Council has launched a public consultation, inviting residents, businesses, and organizations to contribute ideas and propose sites for inclusion in the next Local Development Plan, known as Fife's Place Plan. The council is calling on community councils, landowners, and developers to share ...
26/11/2024
The Chief Executive of East Lothian Council has announced she is to retire in February 2025. Monica Patterson who has been Chief Executive for almost five years, has spent most of her professional career working in local government. Prior to joining East Lothian Council in 2010, she was Head of ...
25/11/2024
West of Scotland Housing Association (WSHA) and Connect Modular have jointly submitted a planning application to Glasgow City Council for the development of 33 affordable homes in Cowlairs. This project aligns with the wider Cowlairs Park regeneration scheme and the city's ambitious housing ...
25/11/2024
Arc-Tech (Scotland) has successfully completed a £6m Mechanical and Electrical (M&E) services package for the Lost Shore Surf Resort in Edinburgh. The state-of-the-art resort, which opened its doors earlier this month, features a range of amenities, including a wave pool, luxury lodges, and ...
25/11/2024
Scottish Water has successfully completed the construction of a groundbreaking hydro energy generation scheme at Whiteadder Reservoir in East Lothian. This innovative project, believed to be the first of its kind in Europe, will harness the power of water to offset a significant portion of the ...
25/11/2024
Work is set to commence on a £6.5 million project to upgrade the Double Dykes Gypsy/Traveller site near Perth. The initiative aims to replace outdated chalets with modern, energy-efficient accommodation and implement significant site improvements. Perth & Kinross Council secured £3.9 million from ...