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Evening Standard: "Vince Cable: London house price boom is dangerous and unsustainable"

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"House prices soaring at 10 per cent a month in London are 'dangerous and unsustainable', Business Secretary Vince Cable has warned.

"He said the capital was in the grip of an 'extreme problem' of affordability, with both property values and rents spiralling out of the reach of many families.

"Mr Cable told The Standard:
“What is happening is not just that house prices are rising, they are accelerating, and that clearly is dangerous and unsustainable,”

"There is an extreme problem of affordability, particularly but not only in London. Families on middle and low incomes can’t get anywhere near an average property in London. This is a very worrying trend."

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