Property Pain: The Bloomberg Close, Europe Edition

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By Shaji Mathew and Rebecca Smith

July 4, 2023 at 2:54 PM UTC

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Good afternoon. Here’s what you need to know to end your day.

Another unwelcome milestone: The UK’s average five-year mortgage rate breached 6% for the first time in 2023 and the two-year also rose. Home loan approvals held well below pre-pandemic levels.