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Clegg heeds Carney's warning on housing boom

The Deputy Prime Minister told ITV News the government should listen to the Governor of the Bank of England's warning on the risks of booming house prices threatening the economic recovery.

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House sellers' asking prices reach record high

House sellers' asking prices went up 8.9% in the last 12 months, meaning the average property is on sale at a new record high of £272,003.

  • In London, asking prices went up 16.3% in the last year
  • Compared with 4.9% across the rest of the country
  • Ten out of 32 boroughs in London say annual rises of more than 20% - with a 43% increase in Tower Hamlets driven by cash buyers.

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