(Reuters) - Asking prices for homes in London jumped 10.2 percent between early September and early October, property website Rightmove said on Monday, fanning concern that a bubble may be forming in the capital.
The rise - the biggest monthly jump since the series began in 2002 - took annual price growth to 13.8 percent, more than five times the rate
of inflation.
of inflation.Widespread aspirations to home ownership in Britain make property a major driver of the economy and a housing market crash could shatter the recovery which has only recently begun to take hold in Britain, years after the global credit crisis undermined its banking sector.
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