PARLIAMENTARY DEBATE
Home Ownership - 8 April 2019 (Commons/Commons Chamber)
Debate Detail
Contributions from Rosie Duffield, are highlighted with a yellow border.
Rosie Duffield
Canterbury
Kit Malthouse
The Minister for Housing
The proportion of under-45-year-olds owning their own home was 50% in 2010-11. That fell to 42% in 2016-17, in the aftermath of the crash, but happily it has since risen to 45% in 2017-18. Supported by Government schemes including Help to Buy and right to buy, the number of first-time buyers rose to more than 370,000 in 2018, an 86% increase since 2010.
Rosie Duffield
Many of my constituents are simply priced out of the housing market. Rental properties and mortgages are out of reach to all but the wealthiest, meaning that families who have lived for generations in villages such as Bridge, Chartham and Sturry, where their parents and grandparents grew up, are now simply unable to afford a property. Will the Minister acknowledge that we urgently need realistically priced affordable homes for the next generation, especially in rural areas?
Kit Malthouse
Yes.
Mr Speaker
Well done.
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