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UK housing demand weakened due to high mortgage rates and a worsening cost-of-living crisis

UK housing demand weakened due to high mortgage rates and a worsening cost-of-living crisis

Posted on September 19, 2022   |  

  • The UK housing sector is losing momentum as new-buyer inquiries reduced in recent months as mortgage approvals for house purchases fell below pre-pandemic levels.
  • Pre-tax profit grew by 31% to £410m for the 53 weeks to July 3, while revenue grew by 10% to £2.14 billion.

 

 

 

 

 

 

Image: RTE News