@PigletJohn: "but water vapour is lighter than air."
It is, but that doesn't matter. As I said, it exerts a vapour pressure, which means that it tries to find its way out in all directions. If you stick a pin in the bottom of a helium-filled party balloon, does the helium in the balloon stay where it is?
The walls and ceiling are at risk. In fact, cold roof construction is by far the biggest risk risk of all and loft condensation is becoming a really serious problem in new-build housing.
Walls are less of a risk because:
a) If they are timber frame, they have a vapour barrier toward the inside (warm) face, which theoretically prevents the water vapour reaching a dew point within the construction (but if the vapour barrier is not perfect, they most certainly are at risk, too).
b) If they are masonry, then they are designed so that the dew point profile is such that the interstitial condensation occurs where it can do no damage - unlike timber, brickwork or concrete blockwork can stand elevated moisture levels with no harm.
If we could install a vapour barrier in an insulated timber floor, in the same way that we do in a timber frame wall, and rely on it remaining intact, then it wouldn't be so much of an issue, but in practice this is very difficult to achieve.