U.K. Housing-Bubble Hysteria Is Misguided, EY Item Club Will Say
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The U.K. is in “hysteria” about housing and concern that a bubble is brewing in the property market is overdone, the EY Item Club will say.
Prime Minister David Cameron’s Help to Buy measure to aid homebuyers with smaller savings will lead to a “stronger” housing market, the London-based group will say in a report to be published tomorrow. It will forecast a 7.5 percent increase in housing investment next year and 10 percent in 2015.