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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Perspective who wrote (7829)6/16/2004 9:59:01 PM
From: mishedlo  Read Replies (1) of 116555
 
Property prices in London have stalled in the last month following the recent interest rate rises and could begin to fall back after the latest increase, property experts said yesterday.
They claimed that buyers were being deterred from purchasing homes by rising mortgage costs.

The Bank of England has put up rates four times in the past eight months to 4.5% and is expected to push them up to 5% by the end of the year.
money.guardian.co.uk
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