Home ownership unaffordable - Cable

Press Association
Updated
Library file photo dated 28/02/14 of for Sale signs displayed outside houses in Finsbury Park, North London. House prices lifted by 9.4% year on year in February as consumer confidence continues to grow, Nationwide has reported. PRESS ASSOCIATION Photo. Issue date: Friday February 28, 2014. See PA story ECONOMY House. Photo credit should read: Yui Mok/PA Wire

%VIRTUAL-SkimlinksPromo%Home ownership is becoming "unaffordable" for middle income families, Business Secretary Vince Cable has warned, amid fears rising prices are stoking a new property market bubble.

In an interview with The Independent, the Liberal Democrat Cabinet minister said there were still not enough homes being built to satisfy the demand of people wanting to buy a place of their own.

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