New figures release today by the Resolution Foundation show that home ownership in the East Midlands has fallen by 8.1% since its peak in October 2014. The figures show that at its peak home ownership in the East Midlands was at 75.0% in Oct 2014 compared with the latest figures of 66.9% in February 2016 - a fall of 8.1%.
Grahame Morris MP, Labour’s Shadow Secretary for Communities and Local Government, commenting the Resolution Foundation’s report on home ownership, said:
“This research shows that for all the Government's rhetoric they have failed to deliver on one of their key promises to build the homes needed to tackle the UK's housing crisis. Building more homes is part of the solution that involves increasing the housing mix we need to deal with the chronic housing crisis we face today. The report highlights that we have the lowest level of new builds for generations. At the same time more and more people are being forced into the private rented sector, paying higher rents with little protection from unscrupulous landlords.”