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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

Railway staffUnion baronsChildcare allowances0n housingHousing expenditureHousing market9 8The dream of homeownership recedes2534 year oldsLabour governmentHome ownership ratesHome ownershipOver 65sMillennial generationOffice for budget responsibilityHouse building