00:01Economic uncertainty is keeping the housing market subdued with new figures showing house
00:06price growth slowed in July. Nationwide says average prices edged up slightly but buyers
00:12remain cautious as interest rate expectations continue shifting. The Bank of England has kept
00:18its base rate unchanged while warning higher energy costs linked to tensions in the Middle East
00:22could add to inflation. That uncertainty is also affecting confidence among builders and buyers.
00:29For anyone hoping to move, remortgage or buy their first home, borrowing costs and affordability
00:34reportedly remain key concerns as the market continues adjusting to changing economic conditions.
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