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Evening Standard
Evening Standard
Business
Nicholas Cecil and Jonathan Prynn

House price tipping point: is London heading for a property market apocalypse?

London homeowners were today warned of a crash that could wipe 20 per cent off the value of their houses and flats if mortgage rates stay high.

Property experts are increasingly fearful of an approaching “tipping point” that will send the market into freefall if the Bank of England does not call a halt to interest rate rises.

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