Rightmove says little sign of UK housing bubble
(Reuters) - Fears that Britain's housing stimulus schemes are inflating a price bubble look overblown according research by property website Rightmove, which cited evidence of strict lending criteria.
The government has introduced two schemes to help revive a property market that crashed in 2008 but, as an economic recovery takes hold, some worry the stimulus could overheat the market and pose a new threat to Britain's financial stability.
Rightmove director Miles Shipside said efforts by the Financial Conduct Authority were working after it introduced new rules following a review of the mortgage market to stop a repeat of the previous decade's housing bubble.