UK risks new house price bubble - economists

clock

Measures to increase confidence in the UK housing market could herald a new house price bubble, economists have warned.

Almost half of 29 experts polled by Reuters, including economists working for major banks and research institutions, put the chances of another sharp rise in prices at either likely or very likely. Seven of the 11 described the risk as 50-50. Respondents said the pick-up in Britain's housing market, accelerated by the government's ‘Help to Buy' programme introduced in the Budget, was a positive, but could mean the UK again has to face the potential consequences of a rapid increase in prices last seen following the housing boom of 1997-2007. Only nine of 29 economists surveyed said the...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot