✉news BusinessReal Estate first seen 4 h ago, last 3 h ago, peak #30
House price growth slows as high mortgage rates scare buyers
House price growth is slowing as high mortgage rates deter buyers from entering the market. Lenders' elevated borrowing costs are reducing affordability, cooling demand and pushing annual price growth down. The figures point to a continued softening in the property market, with buyers holding off in the hope that rates will ease.
Why now: High mortgage rates are a current cost-of-living concern affecting would-be buyers and homeowners.
Evidence
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