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Evening Standard

Business

Vicky Shaw

House prices: average asking prices fall by £905 as interest rate rises hit buyer affordability

Rightmove Tim Bannister Aneisha Beveridge Hamptons

The average price tag on a home coming to market fell by £905 or 0.2 per cent in the month to July, according to property portal Rightmove.

Rising mortgage rates are starting to bite, with house sales now lagging behind the more “normal” market seen before the coronavirus pandemic.

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