Monday, August 20, 2012

Minister endorses 'social cleansing' report

Councils have been told sell lavish council houses, some worth more than £1 million, in order to build cheaper properties and boost the economy.

Housing Minister Grant Shapps last night urged town hall chiefs to end the scandal where benefits claimants are living in homes that are worth more than the average property in a given area.

He stepped in after a pro-Tory think tank revealed one in five properties in the social housing stock is worth more than the average house price.

Putting the highest value properties on the market when they become vacant would generate £4.5 billion to build up to 170,000 social homes a year, according to Policy Exchange. Read More