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Cost of living: Value of average home drops by £14,600 in a year

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House prices have seen their biggest fall since 2009.

Rising borrowing costs and a 20% reduction in mortgage approvals have contributed to the drop.

The Bank of England has raised interest rates 14 times in a row since December 2021 in an attempt to dampen inflation.

Full story: https://trib.al/3duJs54

#HousePrices #Economy #Mortgages #SkyNews

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Category
World
Tags
sky news live, breaking, paul kelso
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