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UK Housing Market: Fears of Bubble as Demand Far Outstrips Supply

Fears that Britain’s housing market is headed for bubble territory were stoked on Monday by fresh evidence that demand is far outstripping supply.

As the market heats up, buyers desperate to secure a property are paying the highest proportion of asking prices seen for a decade, according to a report from property researchers Hometrack. In London, buyers are paying more than 99% of asking prices against a backdrop of soaring demand from foreign investors and local house hunters.

via Housing market: fears of bubble as demand far outstrips supply | Business | The Guardian.

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