Boom or bust? "The UK is risking another bubble"
138 views · Published 27 September 2013 · 2:09 · Indexed 16 October 2026
Channel: Arjen van der Horst - Foreign correspondent · 2013 · News & Politics
In April this year the UK government launched the Help to Buy scheme to stimulate the lacklustre housing market. It's basically supporting bank to provide 95% mortgages again to prospective buyers. The impact has been remarkable. House prices have increased sharply and the in the first five months of the scheme 12,500 house have been bought through the initiative. Economists though warn the government is risking another bubble with dire consequences.
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