The Abolition of the Right to Buy and Associated Rights (Wales) Act 2018 gained Royal Assent on 24 January 2018. The date for the abolition of the Right to Buy and Right to Acquire social housing in Wales is now clear.
What is social housing?
Social housing is property rented from a local authority or from a Housing Association.
What does this mean for prospective leaseholders?
The Right to Buy and Right to Acquire will end for ‘new homes’ two months after Royal Assent. A ‘new home’ is one which has not been let as social housing between 25 September 2017 and 24 March 2018.
For existing social housing stock, final abolition will take place on 26 January 2019.