House prices see record cash rise, says Nationwide
The building society says the cost of a typical UK home rose by a record £29,162 in the last year. …
“The continued buoyancy of the housing market is a little surprising, given the mounting pressure on household budgets from rising inflation, which reached a 30-year high of 5.5% in January, and since borrowing costs have started to move up from all-time lows in recent months,” said Robert Gardner, Nationwide’s chief economist.
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