3 Hrs
Source:
The Guardian
UK housing prices' growth slows
UK house prices increased by 0.8% annually to an average of £274,251 in September, but monthly prices declined by 0.2%. The slowdown is driven by rising mortgage interest rates amid geopolitical tensions and inflation fears, leading to higher borrowing costs. Market expectations suggest further interest rate increases could continue, impacting affordability and housing market activity.
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