Iain Duncan-Smith said we will need to create 240 houses every day for the next 20 years to cope with a huge wave of immigration from eastern Europe as he blasted the EUâ€™s uncaring elite.
The senior Eurosceptic warned that uncontrolled immigration is pricing young British people out of the housing market, with two-thirds of the available properties over the last 15 years being occupied by foreign nationals.
And he said that with the average age of the first time buyer now at 31, the prospects of young British people looking to start their own families will only get bleaker if we vote to stay in the EU.
He made the remarks in a keynote speech railing against Europeâ€™s elite, who he says have betrayed low paid workers in favour of big banks and tax dodging multinationals.
The former Work and Pensions Secretary blasted Brussels as a â€œforce for social injusticeâ€ and urged better off Britons to think of the less well off when casting their vote on June 23.
He argued that spiralling immigration has severely depressed British peopleâ€™s wages, whilst punitive EU legislation of farming and energy have pushed up household bills and left many struggling to make ends meet.
EU migration to Britain has ballooned by 50% since 2010, and if current levels are maintained an extra 690,000 jobseekers from across Europe will descend on the country in the next decade.