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UK village sold lock, stock and beach

by Reuters Videos 2:13 mins

UK village sold lock, stock and beach

by Reuters Videos 2:13 mins

The Bank of England has an interest rate dilemma. It's under pressure to raise rates to cool the rise in house prices in London and south east England, but wages aren't growing as quickly as it expected. A whole village on Devon's south coast recently sold for the less than the price of some London houses, highlighting the disparity between property prices across the country. Hayley Platt reports

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