Sale of 1930s Flats in Douglas Promises Double Benefit for Housing and Revenue
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- Douglas Council plans to sell 56 vacant flats on Lord Street.
- Funds from the sale will create new social housing.
- Relocation of tenants began in 2022.
- Site may be redeveloped into 50 private homes.
- High housing demand prompts aid for renters.
- Sale decision based on 'cost versus benefit.'
- Developers will undergo careful selection.