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19 Nov 7:55am

Higher interest rates ‘could weigh on UK housing market’

The Guardian
Nationwide says market is ‘remarkably robust’ – but borrowing costs may rise in December Nationwide Building Society has said there could be a “cooling” of the UK’s red-hot housing market because of rising inflation and interest rates. Robert Gardner, the chief economist at the UK’s second-largest mortgage lender, said the housing market is currently “remarkably robust” despite the end of incentives such as the government’s stamp duty holiday at the end of September.
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