Housing Market

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 15th June 1995.

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Photo of David Heathcoat-Amory David Heathcoat-Amory , Wells 12:00 am, 15th June 1995

My hon. Friend is right. The conditions of the housing boom—such as those that we experienced—are not the friend of householders, especially young people who wish to own their houses. Although there is a problem of negative equity at present, its extent has reduced. Indeed, we should remember that last year almost 500,000 people became house owners for the first time.