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2013-06-18

Daily Telegraph: "Building societies warn on 'house price bubble'"


Link to web site

"The Building Societies Association (BSA) has joined criticism of the Government's Help to Buy scheme, warning that it could create a house price bubble.

The BSA said it was 'critical' to have a clear exit strategy from Help to Buy's mortgage guarantee scheme in particular, which is due to launch early next year.

Paul Broadhead, head of mortgage policy at the BSA, said:
"Care is needed to prevent the actions taken today inadvertently causing a distorted housing market in three years time - a market where state intervention has artificially hiked prices."

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