Housing crisis has been predicted to get even worse

In October, the Royal Institution of Chartered Surveyors (RICS) reported in their Residential Survey that the houses prices in the UK are expected to rise by 4.5% per year over the next five years. This is an overall increase of around 25%.
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New proposals made by the Bank of England aim to prevent housing boom

Proposals made by the Bank of England, including a cap of 15% on the number of mortgages that lenders can give to people who want more than 4.5 times their salary, are being recommended to prevent another housing crisis…

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