The comments made by Sadiq Khan, the London Mayor, on 13 July 2021.
For more than 40 years, London’s precious council homes have been disappearing into the private sector, often never to be replaced. It’s time for that to change.
We’re not only helping councils to build thousands of new council homes, but we’re giving them the resources to buy back former council homes through our Right to Buy-back scheme. In the midst of a housing affordability crisis it feels grossly unfair and unjust that more than four in ten council homes sold through the Right to Buy in London are now in the hands of private landlords. These were, after all, homes built for the public good.
I am proud that we have brought council homebuilding back up to levels not seen since the 1980s and I’m encouraged by the enthusiasm I see from boroughs across London for building new council homes. Fixing the housing crisis is going to take time, but this new Right to Buy-back scheme is an innovative new tool that will help to take another step in the right direction.