In a report to Epping Forest District Councillors, the Council's Finance Director, Bob Palmer, has announced that in the municipal year 2008-09, just 7 tenants came forward and purchased their own Council houses, which is record low. In 2007-08, the Council sold 28 and in 2006-07, the Council sold 46. He also confirmed that there would be no significant land sales in 2008-09 and none anticipated until market conditions improve. In the report, he stated: "Even with the reduced level of sales, the Council has substantial capital resources available to it and given the level of these the council is likely to remain debt free for the foreseeable future."
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