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Declining home ownership has cost Tories votes, says Michael Gove

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Michael Gove has suggested that falling homeownership rates were a factor in the Tories’ losses in local elections.

The Leveling and Housing Secretary said more needed to be done to get Brits up the property ladder, noting that the proportion of people living in their own homes has declined in recent decades, while the number the tenant had risen.

The proportion of home ownership among 25 to 34 year olds has fallen from 51 percent in 1989 to 28 percent in 2019.

“There are people who are perfectly able to service a mortgage who pay more rent than they would pay on their mortgage. That is wrong.” Mr Gove said.

He added: “There is a particular challenge for us in London and I think that challenge in London relates to … homeownership.

“There are other factors. But I think for young people in London the incumbent government has a responsibility to address some of the factors that have made it difficult for them to own their own home.

“That’s a lesson I would take at this stage. The other is that, outside of London, the Labor Party does not appear to have made as much progress as one would expect an opposition to be on the road to victory.”

Just last month, Mr Gove spoke at a conference hosted by charity Shelter, where he said it had “not ensured that there are housing that are truly affordable for all”.

The Government’s plans to increase the supply of homes are part of its Raising and Regeneration Bill, which will be presented in the Queen’s speech next week. The reforms also aim to revitalize high streets and city centers, including by giving city councils additional powers to force landlords to let vacant shops.

Speaking of the bill, Boris Johnson said: “High streets across the country have long been littered with derelict shop fronts because they have been neglected and deprive local areas of opportunity.

“We’re making that right by putting power back in the hands of local leaders and the community so our cities can be rejuvenated, opportunities improved and neighborhood pride restored.”

https://www.independent.co.uk/news/uk/politics/home-ownership-tories-michael-gove-b2073945.html Declining home ownership has cost Tories votes, says Michael Gove

Bobby Allyn

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