Fewer than half of the homes sold off through Right to Buy in England last year have been replaced as Boris Johnson plans to press on with expanding the scheme.
New figures show local authorities reported 10,878 eligible sales between April 2021 and March 2002, generating just over £1billion.
But only 5,089 replacements were funded through receipts, with local authorities starting or acquiring 4,788 properties while Homes England or the Greater London Authority added another 301.
The Department for Levelling Up, Housing and Communities figures come a month after Boris Johnson set out his plans to expand the Right to Buy scheme to housing association tenants. The prime minister also announced that people receiving benefits would be able to direct housing benefit towards a mortgage, claiming it would allow four million people to get on the property ladder.
Speaking in Blackpool last month, Johnson said: “I want us to deliver on the long-standing commitment, made by several governments, to extend the right to buy to housing associations.
“But there are now 2.5 million households whose homes belong to housing associations – and they are trapped. “They cannot buy, they don’t have the security of ownership, they cannot treat their home as their own or make the improvements they want.