Government scheme 'could create another property bubble'

A leading property consultants firm is warning of a potential housing bubble - if the Government goes ahead with its planned Mortgage Guarantee scheme.

The Government could create another housing bubble if it goes ahead with its planned Mortgage Guarantee Scheme, a leading property consultants firm has warned today.

Savills has launched its pre-Budget submission this morning, and says that providing house-buyers with more money while the property supply is low will only fuel further price inflation.