Call for cap on house price growth

AOL Money Staff

House prices
House prices

A 5% cap should be placed on annual house price growth amid fears that the country is heading for a "bubble", surveyors have suggested.

The Bank of England should consider limiting yearly house price inflation to 5% in order to take the "froth" out of any future booms and put a stop to any "dangerous build up in household debt", said the Royal Institution of Chartered Surveyors (Rics).