RICS calls for cap on house price inflation

Sept. 16, 2013
The Bank of England should cap house price inflation at 5% to prevent another housing bubble, the Royal Institution of Chartered Surveyors said today (September 13). As part of a research document launched today, RICS argued that restrictions should be placed on loan-to-value ratios, loan-to-income ratios and mortgage durations. It also suggested that if prices breached a given limit, a …

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