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Rising Interest Rates Expected to Cool U.K. Housing Market

  • Nationwide says average home passes the 250,000-pound mark
  • Inflation squeeze, higher mortgage rates set to slow market
U.K. Housing Market Ahead of Latest RICS Figures
Photographer: Darren Staples/Bloomberg
Updated on

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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.