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Evening Standard
Evening Standard
Business
Jonathan Prynn

Fear of harsher times lies behind property frenzy

Interest rate hikes and cost of living squeeze may have spurred on buyers who sense cheap mortgage rates are coming to an end

(Picture: Matt Writtle)

On the face of it the house price figures from Nationwide today are puzzling.

The building society has given us the first take on the state of the market in May, a month when interest rate hikes and the cost of living squeeze were supposed to start taking the heat out of bricks and mortar.

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