Rate rise dampens price growth - Rightmove

Feb. 20, 2007
Property website Rightmove has reported a drop in house price growth following recent interest rate rises. In its house price index the website found that annual asking price growth dropped from 13.5% to 11.5% in the past month, the largest fall for 18 months. Miles Shipside, Rightmove’s commercial director, said: "With the interest rate rise in the last six months …

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