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Author Topic: Let’s not pretend the mini-budget is the sole cause of falling house prices | Nils Pratley  (Read 307 times)

NadiaWits

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Let’s not pretend the mini-budget is the sole cause of falling house prices | Nils Pratley

Script was set when interest rates started rising 11 months ago and slump has some way to go“The fallout from the mini-budget continued to impact the market,” says Nationwide’s chief economist, explaining the 1.4% decline in house prices in November.There’s never a wrong moment to kick Liz Truss and Kwasi Kwarteng’s excursion into fantasy economics – and, yes, the shambles, and the spike in bond yields, will have been a factor. But let’s not pretend that the mini-budget is the sole cause of falling house values, or that declines will be halted by the subsequent policy U-turn in the Treasury. Continue reading...

Source: Let’s not pretend the mini-budget is the sole cause of falling house prices | Nils Pratley



 

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