Bank of England prepared to cool housing market

Posted by Unknown on Tuesday, May 20, 2014



Up to 67pc of economists surveyed by Bloomberg believe the Governor of The Bank of England, Mark Carney, will take action in June to cool the UK's booming housing market .




Investec Chief Economist Philip Shaw said: "the tone has changed...there will be some action to curb some of the potential excesses in the housing market".




Prices across the country are currently rising at more than 10 per cent a year. Last week analysis showed that the number of £1 million properties has doubled since 2008.






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