UK Home Prices Hit All-Time-Highs As BOE Sees “No Bubble” | Zero Hedge. (FULL ARTICLE)

U.K. house prices rose to a record last month as easier access to credit drove first-time buyers back to the market. As Bloomberg reports, the second phase of the government’s Help to Buy program was introduced this week, providing government-guaranteed mortgages to buyers with smaller deposits. The acceleration has fueled further concerns that the initiative may stoke a bubble. But have no fear…

• *BOE’S CUNLIFFE SAYS U.K. HOUSING NEEDS TO BE WATCHED CAREFULLY
• *CUNLIFFE SAYS DOESN’T AGREE U.K. IS ENTERING A HOUSING BUBBLE

What could go wrong? – “Demand has increased significantly in a short space of time, and raced ahead of the supply of homes.” Now where have we heard that before?

Via Bloomberg,

U.K. house prices rose to a record last month as easier access to credit drove first-time buyers back to the market, Acadametrics said….

 

 

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