Read the text. For questions 1.–5., choose the word or phrase which fits best in each gap.

LONDON HOUSE PRICES LEAP

The average price of a property in London 1. by more than a quarter over the past twelve months, a rate of growth unequalled since 1987, according to the latest figures from Nationwide Building Society (which is a British financial institution and the largest building society in the world).

Actually, the prices 2. by 25.8% between the first quarter of 2014 and the same period in 2015, pushing the average to £400,404. This is the first time it has topped £400,000 and it is 30% higher than the peak reached in 2007. The figures are likely to 3. fears of a price bubble in the capital. The data, which is based on mortgages approved by Nationwide and adjusted to reflect the cost of a typical house, showed double-digit growth in all London boroughs.

The Bank of England doesn’t intend to take any immediate 4. to constrain the housing market. Instead, it has announced a wait-and-see approach. However, it recommends 5. if borrowers can still afford repayments if interest rates rise by 3%.

adapted from www.theguardian.com