House hunters relying on a mortgage will potentially have less purchasing power and less confidence as a result of Thursday’s base rate increase, according to property experts. As the Bank of England pushed up the base rate to 5%, the highest rate in nearly 15 years, in a bid to ease stubbornly high inflation, experts said that the housing market was seeing a shift towards more “realistic” prices. Experts give their opinions:
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Link to Original Article: Independent Newspaper - What does the Bank of England rate hike mean for the housing market