The Governor of the Bank of England, Mark Carney, says interest rates must rise to avoid a housing bubble developing.
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Monthly Archives: July 2014
Figures released from the Bank of England show the number of mortgage approvals has increased in June.
Data from the Land Registry show a decrease in prices in seven out of ten areas with a sharp rise in sales of £1m properties.
Office of National Statistics (ONS) data shows house price inflation reached 10.5% in May the highest level for four years.
New data from the Nationwide reveal London homes increased in value with average prices now over £400,000 for the first time.