UK housing market stabilises after 'mini-budget' rates spike, Rightmove survey shows

  • 📰 Reuters
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The average price of homes coming on the market in Britain stabilised in March and activity is picking up towards more normal pre-pandemic levels after last year's 'mini-budget' upheaval, a survey showed on Monday.

Suban Abdulla

Property portal Rightmove said asking prices for homes rose by a monthly 0.8% in March after the weakest February in records going back to 2001 when they flat-lined. While borrowing costs have eased from their peak, they are still nearly double their level before former prime minister Liz Truss's unfunded tax cut plans - part of her "mini-budget" in September of last year - which caused turmoil in bond markets.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines