‘Unsustainable’ London house prices rise 25%


“Despite house prices recording their fourteenth successive monthly increase in June, the tide is most definitely turning. Buyers are thinking twice about making such a major investment, worried about overpaying. Another growing concern is affordability, particularly with the looming threat of an interest rate rise, which is now looking increasingly likely.

“Many of those buying for cash are looking at potential growth and worried about the flattening out in the market. The question they are asking is: how long will I now have to wait to realise some growth?”

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