10 months ago
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High rates hit mortgage affordability and sales completions but Halifax expects part recovery in market
UK house will fall by up to 4% next year as high interest rates continue to affect mortgage affordability and sales completions, according to Halifax.
Britain’s biggest mortgage lender said the price of an average UK property will fall by between 2% and 4% but it expects a part recovery in the market as interest and mortgage rates ease next year.
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