The Right to Buy will be suspended in Anglesey to ensure social housing is available for those who need it, the Cabinet Secretary for Communities and Children announced today.
The move comes ahead of the Welsh Government introducing legislation to abolish the Right to Buy across the whole of Wales.
The Right to Buy allows eligible social housing tenants across the UK to buy their council or housing association property at a significant discount. The proposed legislation will end these rights, protecting social housing stock from further reduction.
Over the past 30 years, the Right to Buy has resulted in a significant reduction in social housing stock. Between 1981 and 2014, 138,709 council homes were sold – this is a 45% reduction in the social housing available since the policy was first introduced.
Research also indicates that many of these homes end up in the private rented sector and, as a result, cost local people more to rent and, in some cases, the public purse more in housing benefit.
Mr Sargeant said:
"I have agreed to Anglesey council’s application to suspend the Right to Buy to help them deal with the pressure their social housing is facing and to ensure that homes are available to those who need them.
"While this will help one area for a short period of time, we also need to address this issue for the long term. This is why I will be introducing legislation to abolish the Right to Buy in Wales.
"The Right to Buy is depleting our social housing stock. This damaging policy is further increasing the pressure on our social housing supply and is forcing many vulnerable people to wait longer for a home.
"Legislating to end the Right to Buy is the only sure way to prevent this and give social landlords the confidence to invest in building more of the affordable homes Wales needs."