four(4) in Ten 10 renters fear they will never own a home in U.K

David Cameron’s pledge to build a property-owning democracy is called into serious question by a landmark survey revealing that almost four in 10 of those who do not own a home believe they will never be able to do so.

According to an exclusive poll for the Observer on attitudes to British housing, 69% of people think the country is “in the throes of a housing crisis”. A staggering 71% of aspiring property owners doubt their ability to buy a home without financial help from family members.

More than two-thirds (67%) would like to buy their own home “one day”, while 37% believe buying will remain out of their reach for good. A further 26% think it will take them up to five years.

With affordable homes in short supply and demand for social housing rising, more than half of Britons cite immigration and a glut of foreign investment in UK property as factors driving prices beyond reach.

The findings cast doubt on the prime minister’s claim before last year’s general election that Tory housing policies would transform “generation rent” into “generation buy”. In April last year, as he launched plans to force local authorities to sell valuable properties to fund new “affordable homes”, Cameron said: “The dream of a property-owning democracy is alive and well and we will help you fulfil it.”

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The poll – which found that 58% of people want more, not less, social housing as a way to ease the crisis – comes as the government’s highly controversial housing and planning bill returns to the Commons on Tuesday.

The bill will force councils to sell much of their social housing and curb lifelong council tenancies, introducing “pay to stay” rules that will force better-off council tenants to pay rents closer to market levels. Described by housing experts as the beginning of the end of social housing, the bill has been savaged by cross-party groups in the Lords. They have inflicted a string of defeats on ministers and forced numerous concessions.

The government’s flagship plan for “starter homes” has also been widely attacked on the grounds that the properties – which in London will cost up to £450,000 – will not be affordable.

With local elections and the London mayoral election on Thursday, ministers now face the dilemma of whether to back down and accept many of the Lords’ amendments to the bill or face legislative deadlock.

Sadiq Khan

Campaigning on housing issue: Labour’s London mayoral candidate, Sadiq Khan. Photograph: Andrew Parsons/i-Images

On Saturday night Labour’s candidate for mayor of London, Sadiq Khan, who is putting plans for more affordable housing at the heart of his campaign, described the bill as “the most extreme in terms of housing in a generation”.

The party’s housing spokesman, John Healey, said: “Opposition to this bill now comes from across the board: from housebuilders, housing experts, charities and even Conservative ministers’ own council leaders, MPs and peers. It seems that government ministers are alone in thinking their bill is fit for purpose when it comes to tackling our housing crisis.

“Despite the string of concessions the government was forced to make, this remains an extraordinary and extreme bill that will lead to a huge loss of affordable homes to rent and buy. Ministers need to listen to the opposition coming from all sides and back down on their damaging housing plans.”

Read More:http://www.theguardian.com/society/2016/apr/30/uk-throes-of--housing-crisis