House prices in every region of England rose in September, according to official data published on Monday which reignited the debate about the prospects of a new house price bubble.
The Land Registry data showed that even before the government accelerated the second phase of its Help to Buy mortgage guarantee scheme, prices had increased 3.4% in a year on average, and were higher than in September 2012 in all English regions.
But prices in Wales were down by 1.7% year-on-year and fell by 0.4% in September.
Howard Archer, chief UK economist at IHS Global Insight, said: "There is a mounting danger that house prices could really take off over the coming months, especially if already significantly improving housing market activity and rising buyer interest is lifted appreciably further by the Help to Buy mortgage guarantee scheme which will take full effect in January."
Source: theguardian
