High interest rates hurt UK home sellers’ profit

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The story "High interest rates hurt UK home sellers’ profit" was covered 1 days ago by The Star, a news publisher based in Malaysia.

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The Star 1d ago

High interest rates hurt UK home sellers’ profit - The Star

Quick Summary:

LONDON: UK home sellers made the lowest profit in more than a decade last year as high interest rates and a cost-of-living squeeze sapped demand.

Only 25% of home sellers in London had bought and sold within five years in 2024, compared to 34% of vendors nationally.

A pullback in rate-cut bets pushed the five-year swap rate to the highest level since May last week, raising the prospect that home loan costs are going to increase again.