If current high rates continue house prices could fall by double digits next year, according to Zoopla. 

Average mortgage rates recently topped 6% - the highest for 14 years - after the Bank of England raised the base rate to 2.25% in September and economic turmoil was caused by the then government’s mini-budget. Real estate service Zoopla said the increase in mortgage rates amounted to the largest interest rate shock for new homebuyers in the UK since the late 1980s.

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