The other way of looking at this is that Hackney Council spent £269,950 to get someone to give up their council tenancy
In 2014, Hackney Council sold a property under Right to Buy for £95,050
In 2021, they bought it back off the ex-tenant for £365k
In ~6 yrs, the council lost £269,950 on a single property
It's not an isolated example. @bigissue.com has uncovered 100+ 'Yo-yo Homes'
www.bigissue.com/news/housing...
