According to reports, Sharma acknowledged that people needed to feel a “sense of fairness” in the housing market in 2022, when the next election is due to be held.
He also said there need to be a greater focus on homes to buy as well as homes to rent.
Earlier this week, communities secretary Sajid Javid unveiled a series of policies to support renters, several of which have been welcomed.
However, this followed an announcement by the prime minister of a further £10bn commitment for the Help to Buy scheme – a move which has attracted sharp criticism.
Next election issue
Speaking on a panel at the Conservative party conference, Inside Housing reported Sharma’s warning that: “If we don’t get this right as a Conservative Party we will have an issue at the next election.
“The reason people will superficially find some of the things that Corbyn is saying attractive is because they don’t have skin in the game… That’s the point, you’ve got to give people a stake.
“I’m a great believer in the fact when it comes to homeownership that it is a great social leveller – as well as building homes to rent we want people to have homes to buy,” he added.
Sharma was appointed as housing minister in June following then minister Gavin Barwell’s defeat in the General Election.