Britain's Housing Crisis Explained In This Simply Depressing Graph

Business secretary Vince Cable has today warned against a "recovery based on property inflation", as new figures show the government's mortgage guarantee scheme Help to Buy has helped 750 people buy their homes already.

The state-backed mortgage guarantee scheme is intended to help thousands buy their first home, however critics warn it is helping push up house prices due to the continued lack of supply of new housing.

Sadly the housing crunch looks set to continue as this graph from Sheffield University's A Right To Build report charts, which was featured in the London Review of Books.

This spectacularly depressing graph charts how Britain's housing has got steadily more expensive as the rate of house building became steadily more sluggish.

See also:

• 10,000 Homes Sold In 2013 For £1 Million Or More In Record Demand

• Britain's Most Expensive Properties: Where Were The Top UK Sales In Early 2013? (PICTURES)