There have been huge rises across the board while the average discount available through the scheme has risen to 47 per cent off the market value of the houses - the most it has been in over a decade.

In Kensington and Chelsea 31 local authority owned social housing dwellings were bought by their tenants in the 2013-14 financial year.

This is more than in the previous six financial years combined.

A similar trend occurred in Brent, Hammersmith and Fulham and Hounslow where the number of Right to Buy purchases have increased by as many as seven times as much as the number in 2012-13.

Across England the number of homes bought under the scheme almost doubled from 5,944 in 2012-13 to 11,261 in 2013-14.

This 89 per cent increase was helped by the fact that tenants were offered an average discount of 47 per cent on the market value of the property as councils attempted to shift their housing stock.

This is the biggest discount that councils have offered their tenants since the start of the century.

You'd have to go as far back as the 2000-01 financial year to find such a generous discount.

As recently as two years ago the average discount was only 27 per cent of market value.

The Right to Buy scheme was introduced by Margaret Thatcher's government in the 1980s as a way for social housing tenants to buy their homes at a discounted price.

Since then nearly 1.8 million homes have been sold off by local authorities through the scheme.

Right to Buy has come roaring back in the past couple of years after four consecutive financial years from 2008-09 to 2011-12 in which fewer than 3,000 homes were bought.