Very good news that Government is watching this closely. I hope that they really are, because if a bubble is created, there will be a serious crash when interest rates rise and many people will get burned.

However, I am not sure that Cable should be listened to as he is an over-rated anti-business self-promoter & opportunist who wont necessarily speak of what will really happen.

http://www.thisismoney.co.uk/money/mortgageshome/article-2527866/Cable-calls-Help-Buy-rethink-BoE-warns-lending-curbed-official-concern-house-prices-grows.html

Recent property purchase from a developer who ran out of money has now had the works completed and the property has been furnished/staged to a high standard and Agents have been instructed.

If we achieve a sale price close to Agents valuations, we will be very happy!