House prices are set to increase far faster than first
thought, according to Britain’s biggest online property site. Rightmove, which
advertises thousands of properties across the UK, said it was uprating its
forecast for annual house price inflation from 4.5 per cent to 6 per cent with
a vigorous autumn in the UK property market expected. The decision will
add further weight to the argument of Business Secretary Vince Cable that the
UK property market could be in danger of overheating and that interest rates
may have to rise sooner rather than later. Read more on the Rightmove website.
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