Daily Telegraph: "Building societies warn on 'house price bubble'"
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBZ4AOn1AhIrvbaIrl1kGCaUNprrTxIft6b-7B0cH6Ne1oPUKFgmw_bHbWCGQqgjhBKDdhhtZ3R8rfDLqiJby0Y4dO2MuL4UXyrEzG6dBP3pRKDxsGfj7bp2nWEi_lJ6vWr_Z6XKK3AHVs/s400/hous_2222301b%5B1%5D.jpg) |
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."
No comments:
Post a Comment