Experts fear London market 'bubble'

Press Association
Updated
File photo dated 27/1/2014 of For Sale signs displayed outside houses in Finsbury Park, north London. Experts are warning that stronger curbs must be considered for the housing market amid fears that London is starting to show
File photo dated 27/1/2014 of For Sale signs displayed outside houses in Finsbury Park, north London. Experts are warning that stronger curbs must be considered for the housing market amid fears that London is starting to show

%VIRTUAL-SkimlinksPromo%Experts are warning that stronger curbs must be considered for the housing market amid fears that London is starting to show "bubble-like conditions".

By 2018, the average house price in London is expected to reach nearly £600,000 - some 3.5 times the average price in Northern Ireland and more than 3.3 times the average in the North East, according to a report from economic forecasting group EY ITEM Club.

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