British house prices are rising at their fastest rate in over seven years as announced by a recent survey. This made great reading for many house owners who currently find themselves in negative equity, as the value of their home is worth less than the mortgage secured against it. The Bank of England suggested that interest rates would remain low for up to another 3 years and with new government incentives on lower cost mortgages this could sustain the upward trend for some time. The question is however, what is happening in Ireland as prices still remain stagnant? Is it time to buy before house prices rise once more?
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