As previously discussed in our update in August, Abolition of the Right to Buy and Associated Rights (Wales) Bill has received Royal Assent and is now an Act.

The Right to Buy was introduced in the 1980s to allow those eligible to buy their council or housing association property at a discount. Since it was introduced, the size of the social housing stock has declined significantly.

The Housing (Wales) Measure 2011 gave local authorities in Wales the ability to apply to the Welsh Government to suspend the Right to Buy for a period of five years. Many local authorities applied and succeeded in suspending the right.

The Abolition of the Right to Buy and Associated Rights (Wales) Bill was introduced on 13 March 2017 and the Assembly voted to agree the general principles of the Bill on 18 July 2017.

The Abolition of the Right to Buy and Associated Rights (Wales) Act 2018 received Royal Assent on 24 January 2018.

The Right to Buy, Preserved Right to Buy and Right to Acquire will end for new homes two months from Royal Assent (24 March 2018).

For existing properties the Right to Buy, Preserved Right to Buy and Right to Acquire will end on 26 January 2019.