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Fed's Fischer Says House Prices `High and Rising' Amid Low Rates

Federal Reserve Vice Chairman warned against forgetting the crisis of 2008.

House prices continued to rise strongly following the Brexit vote - driven by increases in eastern and southern England, official figures show.

The UK housing market paused for breath after the Brexit vote, but could take off again over the next 12 months, a poll of surveyors suggests.

The Brexit effect on the housing market may take months to become clear, the Nationwide says as it reports a slight rise in UK house prices in July.

The price of an average house or flat in the UK rises by 16,000 in the year to May, according to the Office of National Statistics (ONS).

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