Regions divided over housing market fears

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A survey conducted by propertyfinder.com has revealed that confidence in future house price growth is flagging due to recent interest rate rises.

It is expected that house prices will rise by an average of 5% in June, compared with over 6% in May, the lowest level seen so far in 2007. However, levels of confidence differ greatly in different parts of the UK and some are expecting above average growth. The cause of falling expectations of growth in the housing market is largely due to a rate rise in May and continued speculation of a further rise to 6% before the end of the year. Any decision on interest rates made by the Monetary Policy Committee will have an impact on variable rate mortgages, and recent developments in the bond m...

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