Property News · October 21, 2013

London house prices jump by £50,000 in a month


Rise of more than 10% is a sign of unsustainable boom, says property website critical of Osborne’s Help to Buy schemeLondon’s booming housing market is rising at an unsustainable rate, the UK’s largest property website warned on Monday, with the average asking price of a home in the capital surging by more than £50,000 last month.Such is the acceleration in the capital’s property market, according to Rightmove, that many buyers will need help from deep-pocketed parents despite the expansion of George Osborne’s Help to Buy scheme. Continue reading…

Source : theguardian.com
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