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Evening Standard
Evening Standard
Business
Emma Magnus

London house prices: asking prices stay steady despite economic uncertainty and mortgage rush

London Rightmove Tim Bannister

First-time buyers are pausing their plans to move house following September’s mini budget, while those with deals agreed are rushing to complete, research from Rightmove has revealed.

Former chancellor Kwasi Kwarteng’s Commons statement on September 23 sent the pound tumbling and caused mortgage rates to soar, shattering buyers’ confidence.

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