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What will it take to crash the housing market?

25 May 2023

12:15 AM

25 May 2023

12:15 AM

Is there anything that might cause the much-predicted crash in UK house prices? Not – evidently – a pandemic (which perversely caused prices to surge). A sharp, upwards jerk in the Bank of England’s base rate to 4.5 per cent didn’t do it either.

The latest edition of the Office for National Statistics’s UK House Price Index – the most comprehensive of house prices indices, but which tends to trail Halifax and Nationwide – shows that prices rose by an average of 4.1

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