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The Guardian - UK
The Guardian - UK
Business
Graeme Wearden

House sellers ‘putting up prices despite rate rises and cost of living crisis’

Rightmove Richard Davies Tim Bannister
For sale signs outside homes.
Last week’s interest rate rise will increase the financial burden on borrowers. Photograph: Andrew Matthews/PA

House sellers have continued to raise their asking prices despite borrowers facing higher interest rates and the cost of living squeeze, data from property portal Rightmove shows.

The average price of a home coming to market increased by £2,587, or 0.7% month-on-month in September to £367,760, according to the company.

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