Property prices rise at fastest rate since 2007

The Independent features comments from the IEA

An influential group of economists linked to the Institute of Economic Affairs yesterday attacked Mr Carney’s “misguided forward guidance” policy, telling the Sunday Times it would delay necessary rate rises and was a “flawed model” that risks “accelerating inflation or worsening boom-bust cycles”.

Hometrack said: “The balance of supply and demand recorded by the survey leads house prices by three months and is an indicator of future changes."

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