Fall in house prices blamed on Kwarteng mini-budget

Fall in house prices blamed on Kwarteng mini-budget

Property prices fell for the first time in more than a year last month – as mortgages rose following ex-chancellor Kwasi Kwarteng’s mini-budget.
Annual price growth slowed to 7.2 per cent, from 9.5 per cent in September, reports Nationwide Building Society.
That was the first decline since July 2021, and means a typical UK home is worth £268,282. And the lender expects the market to slow even…

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