PARLIAMENTARY WRITTEN QUESTION
First Time Buyers (9 November 2015)
Question Asked
To ask the Secretary of State for Communities and Local Government, what estimate he has made of the projected average age of a first time buyer in 2020.
Asked by:
Dr Rupa Huq (Labour)
Asked by:
Dr Rupa Huq (Labour)
Answer
My Department does not produce forecasts of the average age of first time buyers.
The number of first time buyers is the highest for 7 years.
We are committed to turning Generation Rent into Generation Buy which is why this Government is committed to extending opportunities for homeownership. Since 2010, over 230,000 people have been helped to buy a home using government-backed schemes. The voluntary deal with the housing association sector means that 1.3 million housing association tenants will be given the Right to Buy.
Answered by:
Sir Brandon Lewis (Conservative)
17 November 2015
Contains Parliamentary information licensed under the Open Parliament Licence v3.0.