Odds are even for hous­ing bub­ble

Yorkshire Post - Property - - PROPERTY -

ECON­O­MISTS have put the odds of an­other house price bub­ble at 50-50.

Ac­cord­ing to a Reuters poll of econ­o­mists, half be­lieve there will be an­other bub­ble within the next five years.

A lift in the econ­omy and the Govern­ment’s Help to Buy scheme are help­ing fuel the mar­ket.

Danny Gabay, of Fathom Fi­nan­cial Con­sult­ing, says that ris­ing prices are not a bad thing.

He says: “We’re not con­cerned about a hous­ing bub­ble, we’re con­cerned about the fact that we never worked off the last one be­fore we be­gan to re-in­flate it. We’ve stopped any at­tempt at any of the re­pair work that is es­sen­tial for this econ­omy to heal prop­erly.”

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