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Evening Standard
Evening Standard
Business
David Bond

Right to buy in London: home ownership plan ‘unlikely to work given sky-high housing costs’

London Lucian Cook

The average cost of a London home is now £523,666, according to ONS

(Picture: Shutterstock / GagliardiImages)

Boris Johnson’s new scheme to help people on benefits buy their own home was facing fresh criticism today after property experts said it had little chance of working in the capital.

The Prime Minister unveiled ambitious plans yesterday to boost home ownership by extending the right to buy scheme to millions of tenants living in properties owned by housing associations.

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