Nick Clegg: We must stop house prices 'spiralling' up

First-time buyers would be able to buy a home without a deposit, by renting until they owned the property, under a plan announced on Friday by the Liberal Democrats.

Speaking on a visit to a housing project in London, Deputy Prime Minister Nick Clegg said it was important to stop property prices spiralling out of the reach of young people "who just have a simple dream of owning their own home".

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