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Demand still strong in UK, despite higher rates and prices

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First time buyers will need to earn £12.2K more to afford a home, as mortgage rates are set to ↑ further in 2022. Meanwhile, buyers in London will need £35K more income to take out a loan on the avg property compared to 2021.Rates are predicted to ↑ 4% in 2023, as double-digit inflation in the UK ↑ even further.

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