Mark Carney: Bank of England will intervene to stop house price boom

Written on 11 December 2013 by Alistair Boscawen in Property News

Concerns about soaring prices in the housing market have led Governor of the Bank of England Mark Carney to indicate the bank will intervene to prevent a bubble.

Mark Carney, the Governor of the Bank of England has said the bank will move to stop the property market booming at “warp speed” – although he added that interest rates are unlikely to be raised anytime soon. He disregarded concerns about a “liquidity trap” where low interest rates would no longer be able to incentivise consumers and businesses going forward.  The Bank of England has already scrapped the Funding for Lending scheme for mortgage to cool the housing markets and Carney has said other measures will be taken if that doesn’t work. He also said that the UK trade deficit is at a “record high”, which leaves the economy exposed to the recovery of the global economy.

For more information, click on the sources below: 

The Telegraph

image from


Alistair Boscawen

Alistair has 32 years’ experience as an estate agent, starting in the country house department of one of London’s main international agencies before moving to the Knightsbridge house department of the same agency and learning the difference in values between freehold, long lease and short lease houses in Knightsbridge, Belgravia, Chelsea and Mayfair.

All articles by Alistair Boscawen


New offices, homes and public space proposed for historic area of Mayfair
10 August 2020

Plans have been submitted to Westminster Council for a mixed development, bringing housing, shops, restaurants and a 31-bedroom hotel to Mayfair. Hopkins Architects, backed by the Duke of Westminster’s property company, Grosvenor, are behind the plans, which would create 14,000m² of office space and 5,000m² of shops and restaurants. The development is proposed for the […]

Read more
Tenant Fees Ban Act 2019 Explained for Tenants and Landlords
6 July 2020

Find out everything you need to know about the The Tenant Fee Ban (Tenant Fees Act 2019) which came into force on 1st June 2019…

Read more

Contact Us

+44 (0)20 7730 9253
81 Elizabeth Street, London SW1W 9PG

Get in Touch