“Housing associations have made at least £82.3m from auctioning homes in five London boroughs since 2013, according to figures seen by the Guardian. Analysis by the Labour MP for Westminster North, Karen Buck, shows that Westminster, Brent, Camden, Hammersmith and Fulham, and Kensington and Chelsea sold 153 properties at auction through Savills estate agents – with more than half in Westminster where sales totalled £36.4m. The true figures are likely to be much higher as the data only covers sales made by one agency. The auctions are part of a wider trend of some housing associations selling off social housing in expensive central London to fund new developments, which tenants say are unaffordable or far removed from their families, schools and work.
Buck says: “I’m dealing with a family who are statutorily overcrowded and in the highest medical priority and I haven’t been able to get them moved in over eight years. That’s because housing associations [in general] say they don’t have the stock in the area and yet they’re still selling off homes.”
Nationally, sales of housing association social homes to the private sector have more than tripled since 2001, with 3,891 social homes sold in 2016. Overall, more than 150,000 homes for social rent have been lost since 2012. …”