Don’t bet your house on it – but we might just have hit the peak of the market

With interest rates rising and the stock of unsold houses growing rapidly, is it time to call the top of the housing market after a 20pc price increase over the past two years?

ouse prices rose by a national average of 14.4pc in the 12 months to May, according to the latest figures published by the CSO last week. This was virtually unchanged from the previous month and down slightly on the 15.1pc peak recorded in February and March.

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