Few home buyers recognise interest rate role in housing boom

A Propertyfinder.com poll found 31% of homeowners thought property investors and housing demand from immigrants were the primary reasons for the housing boom. Warren Bright, chief executive of Propertyfinder.com, comments: “10 years of low interest rates have brought about Britain’s high house prices, but this is poorly understood by most people. “Immigrants and property investors make high profile scapegoats but are simply too small in number to be responsible.” Mortgage lenders were the third most blamed group when it came to high house prices, with 14.6% of respondents saying the high...