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UK housing market shows strains from ‘mini-budget’ - BusinessWorld Online

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Britain’s housing market lost momentum this month after Prime Minister Liz Truss’ economic plans upset financial markets and triggered a repricing of the mortgage market, data from property website Rightmove showed on Monday. READ

Asking prices for homes coming to the market rose by 7.8% year on year in October, the smallest increase since January.

But last month Ms. Truss’ government announced a plan to boost economic growth through unfunded tax cuts that alarmed financial markets.

 

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