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وكالة الأنباء القطرية
UK house prices steady amid mortgage hikes
The UK housing market experienced stability in home prices during September, with the average price around £300,000, a similar level to August of the previous year, despite rising mortgage costs and a decline in buyers’ affordability. Most major banks increased mortgage rates by up to 6%, the highest level in three years, putting additional financial pressure on new buyers and homeowners with fixed-rate mortgages ending. This comes amid a slowdown in the housing market caused by further economic pressures such as rising energy bills and living costs, reflecting a deceleration in the market and the impact of higher interest rates on purchasing power.
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