John Healey MP, Labour’s Shadow Secretary of State for Housing, commenting on new house price statistics, said:

“The number of home-owners under 45 has fallen by over 900,000 since the Conservatives came to power in 2010.

“The Tories have spent seven years talking about home-ownership but they have failed to help younger people on ordinary incomes get a good start in life and failed to build the new homes our country needs. The number of new low-cost homes to buy has halved since 2010.

“Labour will give young working people fresh hope of owning their own home by building more affordable housing for first-time buyers, cutting stamp duty, and giving local people first-dibs on new homes built in their area.”