Economic turmoil hits homebuyer demand says Bellway

Bellway Castle Grange Ebbsfleet CGI

Housebuilding giant Bellway has warned of slowing demand due to rising mortgage rates climb, which could lead to flat sale volumes next year.

The warning comes as the housing market comes under pressure from a broader cost-of-living crisis and the economic chaos caused by the Government’s now largely ditched mini-budget.

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