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House Prices

Volume 958: debated on Wednesday 22 November 1978

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58.

asked the Secretary of State for the Environment what steps he is taking in view of the rapid increase in house prices.

Since April, the Building Societies Association has agreed with the Government on a moderation in the level of building society lending for house purchase. The objective has been to prevent the volume of building society lending becoming a destabilising influence in the housing market. We are now discussing with the BSA appropriate levels for the first half of 1979.