Prospective buyers in east London
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Bank of England to act on house prices

The Bank of England is set to announce how it intends to cool down the property market in London and the south-east without denting recovery in the rest of the UK.

Buying the average house in the UK can cost up to 10 times the average salary, with prices continuing to rise in many areas, and plenty of people struggling to get on the property ladder.

On Thursday, the Bank of England will announce how it intends to cool down the property market in London and the south-east - which is particularly strong - without denting recovery in the rest of the UK.

Robert Peston reports.