A council has come under fire after it bought two houses for £1.2million two decades after selling them for £190,000. Brighton and Hove City Council described the purchase as ‘good value’ and plans to turn them into 15 flats for temporary accommodation.
David Gibson, councillor for the Green party in the Labour-led administration, said: ‘In Brighton and Hove we are drastically short of providing the amount of truly affordable rents and social housing the city needs.
Instead of keeping existing homes and building more, Labour and Conservative governments sold off homes through the disastrous ‘right to buy’ scheme for years.
The Labour council is now in a position of having to spend £1.2 million buying back a property it originally sold off for £190,000. ‘The loss made on buying back this home shows the flaws in flogging off our housing stock.’
metro.co.uk/2018/04/02/council-sold-houses-190k-buys-back-1200000-7434009/
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