The Last Post: Cold facts behind the housing headlines
Couples and individuals may have been outbid by the state, which bought 4,392 new homes for social housing of the 12,529 built last year
The headline was most certainly arresting: 95 per cent of all new apartments – about 3,650 of them – completed last year were sold to private investment funds. Cue outrage on social media: this is ruthless profiteering, denying people the chance to buy their own homes, an example of all that is wrong with our housing market.
The other figure that raised hackles, supplied by the Construction Industry Federation, was the estimate that only between 8,000 and...
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