Before revision: Criticisms The Right to Buy scheme has been criticised for the following reasons: Speculating investors were able to buy up council properties through deferred transaction agreements, hastening the rise in property costs; Commercially and socially valuable council assets was sold at below their market value or replacement cost, which was an imprudent waste of public money; The remaining stock of council housing was concentrated in undesirable areas with little employment opportunity, further isolating and stigmatising the tenants.
After revision: Criticisms The Right to Buy scheme has been criticised for the following reasons: Speculating investors were able to buy up council properties through deferred transaction agreements, hastening the rise in property costs; Commercially and socially valuable council assets were sold at below their market value or replacement cost, which can be see to be an imprudent waste of public money; The remaining stock of council housing was concentrated in undesirable areas with little employment opportunity, further isolating and stigmatising the tenants.