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Subscriber OnlyMarketsEconomicsRising Interest Rates Expected to Cool U.K. Housing MarketNationwide says average home passes the 250,000-pound markInflation squeeze, higher mortgage rates set to slow marketPhotographer: Darren Staples/BloombergByLizzy Burden+FollowNovember 3, 2021, 7:23 AM UTCUpdated onNovember 3, 2021, 8:00 AM UTCFollow us at @BloombergUK for the latest news and analysis.The U.K.’s booming property market is headed for a slowdown as a squeeze on living standards and rising interest rates sap demand, according to Nationwide Building Society.
