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Daily Mirror
Daily Mirror
Business
Sam Barker

House prices 'could fall by up to 15% next year' as markets rattled by Mini-Budget

House prices could fall by up to 15% if interest rates keep rising, experts have warned.

Analysts think house prices could drop because would-be homebuyers struggle to afford property due to higher interest rates, rising inflation and the risk of recession.

Experts think the Bank of England could raise base rate from 2.25% to 6% next year, as the central bank battles against high inflation - currently 10.1%.

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