Higher Interest Rates and Low Demand to Hit Housing Market

Summary

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THIS year could well be the one in which the music stops and homeowners begin to get caught out in the high-stakes game of mortgaged musical chairs that is the housing market.

A slew of surveys from both professional economists and mortgage lenders is showing that house-price inflation is likely to slow down or even decline as the UK property market begins to cool.

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Extract

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Higher Interest Rates and Low Demand to Hit Housing Market

Nationwide, last week, said that house-price growth would slow across the UK in 20...

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