and you are looking in for every week and month that goes by, the dream of homeownership recedes further into the distance. the average age of first time buyers has been rising continuously. the proportion of young people who can afford to buy their own home has been falling. between 2005 2016, the proportion of 2534 year olds that owned their own home fell by 20%, whereas in most other countries, it has been rising. it is true that we still have higher rates of overall homeownership just ahead of france and just ahead of germany. and it is true that we are building more as fast as we can after a sustained decline in home ownership rates in the labour government, which is now starting to go back up thanks to our support forfirst time starting to go back up thanks to our support for first time buyers and also building more homes. last year, there were 400,001st time buyers of property which was a 20 year high. 400,000 property which was a 20 year high. 400,000 first time
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quite well, all the stuff on the thames gateway area, and we are a long way from blackpool when we discuss this, but i remember these developments intimately because i tried to double its when you don t have the transport that they are not viable for the developers, and when they are not viable for the developers, you cannot get the affordable either. but if you put in, say, crossrail, for instance, will enable is to do things that were simply not possible, and crossrail will enable developments to go ahead in parts of our capital that were not economically viable, and that is one of the reasons. so you will be able to give people access to the housing that they need, and that is what this is doing. that is where we have a huge programme of infrastructure, six and in £50 billion worth of investment overall in infrastructure skills to work on the skills and technology. look at what we are doing. that is
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