Post by: Think Cash Staff on March 31, 2014, 07:09:35 PM
Accelerating house prices one of big threats to economy this year, City watchdog ... This is Money 'Elevated prices could lead to mortgage affordability stretch, particularly when interest rates start to rise, and increases the possibility of price correction in the future if prices are unsustainable over the long-term given the prospects for income growth and ... The Bank of England has repeatedly stated house prices do not pose a threat to the UK's economic recovery, despite warning lenders just last week that it would be conducting industry wide 'stress tests' later this year on their ability to deal with a property collapse. |
Source: Accelerating house prices one of big threats to economy this year, City watchdog ... - This is Money (http://news.google.com/news/url?sa=t&fd=R&ct2=uk&usg=AFQjCNE5jZudXC_WiUXdM-sZfvxzwEj4PQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=43982362573227&ei=X685U9iVC8bMlAWzjwE&url=http://www.thisismoney.co.uk/money/mortgageshome/article-2593481/Accelerating-house-prices-one-big-threats-economy-year-says-City-Watchdog.html?ito%3Dfeeds-newsxml)
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