Proportion of new homes bought by institutions increased six-fold in 10 years

The report has also criticised the Housing Assistance Payment (HAP), saying it creates the impression that social housing waiting lists are shorter than they actually are

The proportion of newly built homes bought by institutions has increased from 5.6% in 2010 to almost a third in 2019, a report has found.

It marks a six-fold increase in the last decade, the research shows.