Sky News
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Cost of living: Value of average home drops by £14,600 in a year
Posted
September 1, 2023
Views
32,827
Likes
219
Comments
34
Engagement
0.77%
September 1, 2023
32,827
219
34
0.77%
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0:19
3:39Now PlayingHouse 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.
#HousePrices #Economy #Mortgages #SkyNews
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