Housing Bubble Fears Raised In BoE Survey

The biggest fear of British high street lenders is a housing bubble burst, according to a survey published by the Bank of England.

The fears were voiced in the latest BoE twice-yearly survey of economic threats seen by banks, building societies, insurers and asset managers.

The firms said the impact of low interest rates on house prices had risen sharply as an area of concern since the May survey.

"Perceived risk around property prices ... rose, being mentioned by 36% of respondents, up 11 percentage points since the previous survey," the Bank of England said.

"Concerns were concentrated almost exclusively on the residential market, where responses focused on the risk of a house price correction."

The BoE feeds the survey into its financial stability work and so far has said it sees no general housing price bubble in the making.

The survey comes as the British Bankers' Association (BBA) warned Chancellor George Osborne to explain how and when the Help to Buy scheme will end.

The BBA, which represents the UK's largest lenders, has said Mr Osborne need to clarify the scheme's exit strategies.

However, property website Rightmove said that fears that Britain's housing stimulus schemes are inflating a property bubble look overblown.

The Bank of England survey also found two other concerns among banks and other financial sector players.

Respondents cited government debt levels in Europe and the United States, and the threat of an economic downturn as points of risk.

Anda sedang membaca artikel tentang

Housing Bubble Fears Raised In BoE Survey

Dengan url

http://clotehancamar.blogspot.com/2013/11/housing-bubble-fears-raised-in-boe.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Housing Bubble Fears Raised In BoE Survey

namun jangan lupa untuk meletakkan link

Housing Bubble Fears Raised In BoE Survey

sebagai sumbernya