Hammersmith and Fulham Council has revised its 'right to buy' housing scheme.
It will now involve residents getting a larger discount than at present, while new rules will see an affordable home built for every one sold.
In 2004, the discount was slashed from £38,000 to £16,000 triggering sales to slump from 245 (in 2003/2004) to just seven last year.
The borough has the fourth highest house prices in Britain and many people who would like to own a place locally are currently priced out of the market.
The authority announced plans to return to house building earlier in the year after it set up a housing company to allow it to directly provide new affordable homes to buy or rent.
Details of the discount are expected to be released soon.
For more information visit www.lbhf.gov.uk/righttobuy