UK Housing Market Bubbly
Starts were at an 891,000 seasonally adjusted annualized rate up 1% from July and 19% year-over-year. Still, construction starts are 40% of the way back to normal the slowest recovering measure of Trulias Housing Barometer. maryland property management Existing home sales have returned to normal.
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The Financial Policy Committee says that it will be monitoring the situation closely in coming months, but many fear the bubble has already arrived, particularly when it comes to fast-rising prices and rents in London and the South East. Recent government policies have helped revitalize the UK housing market, but now the growth seems to be moving too fast, particularly among prime properties. For more on this continue reading the following article from Property Wire .
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