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Abolition of the Right to Buy and Associated Rights (Wales) Act 2018

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Housing association and local authority tenants in some parts of Wales have until January 26 to use the Right to Buy and associated Schemes after which they will be abolished in Wales.
Landmark legislation to protect the stock and incentivise the building of new social housing has been given Royal Assent by Her Majesty the Queen.
Under the Right to Buy scheme, you can buy your home at a price lower than the full market value.
The Right to Acquire gives qualifying Registered Social Landlord tenants a right to purchase their homes.
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The Act will end the Right to Buy, Preserved Right to Buy and Right to Acquire for tenants of local authorities and registered social landlords.

Our social housing is a valuable resource, but it is under considerable pressure. The size of social housing stock has declined significantly since 1980 when the Right to Buy was introduced. The number of homes lost through the Right to Buy is equivalent to 45% of the social housing stock in 1981. This has resulted in longer waiting times for people in housing need, many of whom are vulnerable, to access a home they can afford. 

The Abolition of the Right to Buy and Associated Rights (Wales) Act received Royal Assent on 24 January 2018. To ensure tenants are aware the Right to Buy is ending, the Act requires the Welsh Government to publish information, which social landlords must provide to affected tenants, within two months of Royal Assent.

 

When will the Right to Buy end

The Right to Buy and associated rights ended in Wales on the 26 January 2019, following the passing of the ‘Abolition of the Right to Buy and Associated Rights (Wales) Act 2018.

Further information can be obtained by emailing righttobuy@gov.wales