House price inflation 'to continue'

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House prices will continue to inflate as three million people plan to buy a new home in the next six months, says a new report.

According to online mortgaging firm, mform.co.uk, around 7% of the adult population will get on, or climb, the property ladder by the end of July. The company recently launched its home purchasing index, which will track the number of people planning to buy a home on a quarterly basis. According to the index, the London market looks the most lively, where 10% of people are planning to purchase a new home before July. East Anglia, at 4%, is the lowest in the country. Eamonn Rice, chief executive of mform.co.uk, says despite increasing house prices, demand for homes remains surprisingly hi...

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