Was the Conservative Government not supposed to be bringing in the “biggest, boldest and most ambitious” scheme for house-building in a generation?

When is that going to happen, then?

After prices have risen again next year, so nobody who wants their own home will be able to afford it?

The percentage of young people in the UK who own their own home is at its joint lowest level since 1996, according to data obtained by Labour.

It suggests 44.9% of 20 to 30-year-olds are homeowners – the last time it fell to this level was in 2013.

It comes as economists predict strong property price growth in 2016.

The Royal Institute of Chartered Surveyors expects prices to increase by around 6%, while rents will see a 3% annual rise.

The rises are being driven by demand for new homes outstripping supply, Rics said, with other experts predicting even bigger rises in certain property hotspots outside London.

Source: Young home ownership falls to record low, data suggests – BBC News

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