Housing Market: Difference between revisions
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The UK relies heavily on the increase in property prices to create the impression of a growing economy. It is fair to say that some inflation in property prices is not necessarily a bad thing. As a property increases in value, the debt taken out to purchase the property is reduced as a percentage of the value, which helps the own an asset that offsets some of the interest payments made on the mortgage.
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https://www.bbc.co.uk/news/business-45487695
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