Odds are even for housing bubble
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.”