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Daily Mirror
Daily Mirror
Business
Sam Barker

House prices to fall by 9% as mortgage rates rise and stamp duty cut ends, experts warn

Jeremy Hunt OBR Office for Budget Responsibility Kwasi Kwarteng

House prices are expected to fall by 9% over the next couple of years, experts warn.

This will be because of high mortgage rates making homes more unaffordable and the UK slipping into recession.

The latest gloomy prediction about the future of property prices comes from the Office for Budget Responsibility (OBR).

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