Transferring Glasgow’s council housing: financial, urban and housing policy implications

Abstract

Glasgow has a large council sector characterized by a range of problems associated with low-income tenants, disrepair, insufficient resources and high levels of housing debt. Reluctantly, the council has come to the view that stock transfer, ultimately to local community-based housing organizations, is the preferred way to address its housing problems. Stock transfer concerns the privately funded sale of social housing as a going concern from one social landlord to another. This has been an important way of re-financing existing social housing in the UK for more than a decade. However, the Glasgow transfer is complex, large (with more than 80,000 units transferring) and politically controversial. The success or otherwise of Glasgow’s transfer has implications for the future of the stock owned by other councils in Scotland. The paper, therefore, is concerned with the wider context of transfer, the financial and economic arguments to do with Glasgow’s stock transfer, and the wider implications of the transfer.

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