London: Prime Minister David Cameron announced a national housing campaign on Wednesday to help young families climb onto the housing ladder.


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Addressing the Conservative Party's annual conference, he described housing as one piece of unfinished business in the economy, Xinhua reported.

"A greater Britain must mean more families owning a home of their own," he said, adding 600,000 new homes have been built in the last five years.

The price of the "starter homes" will be capped at $382,000 across the country and in London where property is more expensive the cap will be 450,000 pounds $688,000.

The campaign was expected to see 200,000 new homes built by 2020, a Cameron spokesman said later.

Cameron's hour-long speech brought the conference to a close.