Friday, August 22, 2014
Boost for private landlords
2,845 council houses were sold to tenants between April and June, a 31% increase on last year. 33% of these sales were in London, where discounts can go over Ã‚Â£100k. Since the proceeds of these sales go towards building replacements such discounts leave less for that purpose. "A lot of council houses today will be in the hands of private landlords tomorrow. Fewer low-rent houses will drive low-paid people out of London" said a Green Party member of the London Assembly.