LONDON, April 30 Britain's housing market is not
showing signs of being in a price bubble at the moment but
policymakers "should be nervous" about the pace of the recovery,
the Bank of England's outgoing chief economist Spencer Dale said
Dale, speaking to members of parliament, said the increasing
share of mortgages at high loan-to-income ratios pointed to
increasing momentum in housing market.
"We know we should be nervous about what's going on in the
housing market," he added.
Dale is due to step down as the BoE's chief economist in
June to take up a post at the Bank in charge of overseeing
potential risks to the economy from the banking sector.
(Reporting by David Milliken and Huw Jones; writing by William