Just 31 per cent of 25-29 year-olds now own their own property [Image: Alamy].

The comment from the Department for Communities and Local Government (below) is pure flannel. The Tories have failed to build more homes and are not interested in bringing house prices down.

In fact, it seems far more likely that the Tories have a hidden policy to keep house prices out of the reach of ordinary people – especially the young.

It serves their plan – to make more people work for less money – if the public are in insecure tenancies, dependent on benefits and any amount they can earn in short-term jobs.

Social mobility – under a Conservative Government – is a nonsense.

And the public are aware of the fact.

Here’s how one Twitter user reacted to the latest announcement:

Enough said?

Home ownership is increasingly out of reach for young people without “the bank of Mum and Dad”, a study warns today – demanding “radical action” from the Government.

Just 31 per cent of 25-29 year-olds own their own property, a figure that has plunged from 63 per cent a quarter of a century ago, its analysis reveals.

A record number of first-time buyers – 34 per cent – now turn to their family for a financial gift or loan to help them buy a home, compared with 20 per cent just seven years ago.

And a further one in ten rely on inherited wealth, according to the analysis of Government and housing market data for the Social Mobility Commission, which advises ministers.

The Department for Communities and Local Government spokeswoman defended its record on home ownership, insisting both the number of house-building starts and first-time buyers are at a nine year-high.

“But we’re clear that to fix the broken housing market we need to build more homes and improve affordability,” a spokesman said.

“Our recent housing white paper set out the measures to do just that.”

Source: Home ownership now out of reach for most young people, study finds

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