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Will UK house prices fall as interest rates rise?

While rates are expected to rise over the next year, forecasts about price growth vary from a slowdown to an outright contraction

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Will UK house prices fall as interest rates rise?

Record high house prices in the UK, Germany, the US, New Zealand, Australia and Canada have one thing in common: historically low interest rates that pushed down the cost of mortgages, supporting demand.

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Average home hits landmark figure as market stays red hot

The average price of a house in the UK has hit £250,000 for the first time as the  market shows no sign of cooling. According to the latest index produced by the Nationwide, prices have grown 0.7 per cent in the past month and the annual house price inflation is 9.9...
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House prices hit record high but Halifax predicts cooling UK demand

Average for October reaches £270k but lender expects interest rate rises to affect borrowing UK house prices rose for a fourth month running in October, climbing above an average of £270,000 for the first time on the Halifax measure, but the mortgage lender predicted a cooling of the market in the months ahead if the Bank of England raises interest rates. Halifax said the average cost of a home rose by 0.9% on the previous month, after rising by 1.7% in September, adding more than £2,500 to the value of a typical British home. Continue reading...