Industry reacts to CML data.
Alexander Gosling, director of online estate agents Housesimple.co.uk, comments: "Property market demand was resurgent even before the Help to Buy scheme launched, and it is now being fanned by a combination of buyer confidence and people's fear that if they don't buy now they will be left behind.
"But look deeper and you'll see that a fundamental mismatch between demand and supply is driving up prices.
“This is artificially propping up house values, and many buyers are gambling on an economic recovery that is by no means in the bag.”
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