OECD Warns Housing Market Is At Risk of 'Overheating'

The international think tank has said help to buy may be fuelling a housing bubble. In its latest economic forecast, the Organisation for Economic Co-operation and Development suggests ‘reducing housing market stimulus’ should be considered to avoid the housing market overheating. The OECD says that, for the UK, there is a ‘downside risk’ that ‘policies are ineffective in containing the housing market, resulting in overheating’. The latest figures from the Land Registry for March show house prices across the UK have risen by 5.6 per cent year-on-year. However, lenders have reported higher annual average increases. Read more on Inside Housing.