House Prices Rising In Dorset
7:37am 18th September 2013
House prices continue to rise in Dorset and a Bank of England Committee is meeting today (Wednesday 18th September) to discuss concerns over a housing bubble.
It's after a leading property website, published data showing housing prices were at a new high.
In Dorset they're up nearly 1.5% on last year's figure. In London and South East the asking price has risen dramatically between 6 and 8%.
It's led to fears of a housing bubble and people rushing to get on the property ladder by taking out mortgages they can't afford.
But the Government is adamant that the housing market is a long way from overheating, and plans to continue with its policy of providing support for first-time buyers.
Emma Hughes from Direct Moves Dorchester agrees;
"I've seen a much higher demand for property and I think the trend is really positive locally. Around here there is no housing bubble; it's just really great to see positivity in the market place."
"The trend is really positive, people want to buy and get on the property ladder. This great for Dorset."