UK house prices rising at fastest pace since 2006

House prices in Britain are rising at their fastest pace in seven years, which could raise concerns that government lending incentives could be creating a new housing bubble.

13th August, 2013
UK house price levels rising at fastest pace since 2006.

House prices in Britain are rising at their fastest pace in seven years.

The rise comes at a time when the IMF and others have raised concerns that government lending incentives could be creating a new housing bubble.

According to the survey conducted by the Royal Institution of Chartered Surveyors' (RICS), the seasonally adjusted house price balance jumped from to +36 in July from +21 in June and just +5 in May.

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