UPDATE 1-Warp speed risk for UK house prices but hiking rates off radar

LONDON, Dec 10 (Reuters) – Expectations of future British house price rises have hit a 14-year high just as central bank chief Mark Carney signalled monetary policy would remain exceptionally loose despite the potential for them to jump at ‘warp speed’.

Britain is growing faster than many other big rich economies although it has still not passed its pre-crisis peak. There are some concerns, however, that it is a housing-led recovery – and a potential bubble – spurred by government stimulus.

The Royal Institution of Chartered Surveyors (RICS) said on Tuesday that 59 percent of surveyors in November forecast prices would rise over the next three months, the highest reading since September 1999.

See on http://www.reuters.com/article/2013/12/10/britain-housing-idUSL6N0JP24320131210?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews

Published by Mortgage Supermart Singapore

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