Why UK house prices could plunge by 20% after the latest interest rate hike

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Analysis Why UK house prices could plunge by 20% after the latest interest rate hike Larry Elliott Economics editor Property market has defied gravity for years but analysts say rising mortgage rates will mirror the 1980s price crash Britain’s estate agents normally radiate optimism but they will be watching anxiously at noon next Thursday when…

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This article was originally published by Theguardian.com. Read the original article here.
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