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Bank of England Warns About Rising House Prices

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The Bank of England (BoE)’s Financial Policy Committee will discuss whether the combination of government schemes such as “Help to Buy” and the lack of housing supply are causing a new property bubble to form, and if and when the Bank should intervene.

What is in no doubt is that house prices are increasing, however.

On Monday, online real estate portal Rightmove said it expected national house prices to rise by 6 percent in 2013, up from a previous forecast of 4 percent. It said the increase was due to the decline in new homes coming onto the market, with the number of new sellers dropping 9 percent in September from the previous month.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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