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UK housing market in ‘suspended animation’
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NEWSDECK ANALYSIS
The UK housing market has been experiencing significant uncertainty in recent months, with factors such as higher mortgage rates and economic instability affecting buyer and seller confidence. Mortgage rates have been rising in response to increases in the base interest rate, making it more expensive for people to borrow money to purchase a home. This shift has led to a slowdown in market activity, as potential buyers wait to see how the situation develops.
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FT UK
UK housing market in ‘suspended animation’
Lloyds’ data shows house prices were unchanged in July as higher mortgage rates stretch affordability
7 Aug, 12:33
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