Average house price reaches £175,000

TheTelegraph

“The definition of a house price bubble is when people will pay anything for a property. This is not what we are seeing here. Many people are still heavily indebted, particularly if they have maxed out on credit cards. This is hardly a market running away with itself.”

“The definition of a house price bubble is when people will pay anything for a property. This is not what we are seeing here. Many people are still heavily indebted, particularly if they have maxed out on credit cards. This is hardly a market running away with itself.”

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House prices up 7% as demand for homes increases

TheIndependent

“Buyers are considerably more optimistic than they were this time last year. Many are still concerned about the ‘bogy’ of an interest rate rise, although that is a tough call to tell when Mark Carney, governor of the Bank of England, will make his move. The same upward pressure on house prices is being felt, as supply constraints don’t appear to be ending anytime soon.”

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