The Bank of England raised interest rates by half a percentage point Thursday, after data this week revealed surprisingly stubborn inflation. The move will pile pain on people with mortgages and put more downward pressure on house prices. The decision…
UK house prices fall as rising mortgage rates temper property market
British house prices fell for the first time in 28 months in October and rising mortgage costs threatened to put further pressure on the property market, a survey showed on Thursday. The Royal Institution of Chartered Surveyors (RICS) house price…
