The council scheme, which is supported by the Scottish Government, enables the purchase of properties that are for sale on the open market and are often former council houses which were purchased under right to buy.
Catriona Arbuckle, Development Officer said: "The scheme has been a resounding success and has enabled us to expand our programme and get more people and families into homes in the communities they want to live in.
"There has been huge interest in people wanting to take part and we have identified and bought many good properties in towns and villages across the area."
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Over 1,100 enquiries have been received through the open market purchase scheme and between 01 April 2019 and 20 February 2020 123 properties have been purchased.
The main criteria for the purchase of homes on the open market is:
• There is demand for the type and size of property in that area
• The combined cost of buying the property and bringing it up to letting standards would represent value for money to the council
• Where the purchase of a property will enable the council to take complete, or majority, ownership of blocks of flats making communal repairs much easier to complete
• Homes purchased would meet the particular needs of households not currently available in the council stock, e.g. homes suitable for people with disabilities.
Heather Brannan-McVey, Convener of Housing and Regeneration added: "By purchasing good homes on the open market, we can help meet people's housing requirements and increase local housing supply.
"Through the open market scheme, we can also remove homes which have been lying empty or derelict for a considerable period of time and bring them back into proper use. It also helps us progress with common refurbishment works within mixed tenure blocks of flats for the benefit of more of our tenants."
(MH/CM)
