✉news BusinessReal Estate first seen 3 h ago, last 23 min ago, peak #15
Further rate hikes could devastate property market, warning
Original: Further interest rate hikes could ‘devastate’ property market without easing unaffordability
Economists and housing commentators are warning that further interest rate increases could devastate the property market while doing little to ease unaffordability. Higher borrowing costs may lower prices on paper, but argue critics, they also squeeze buyers' mortgage capacity, meaning homes would not become genuinely more affordable for ordinary purchasers.
Why now: Central banks are signalling possible further rate rises, prompting debate over their impact on housing.
property marketcentral banksThe Guardian
Evidence
- Further interest rate hikes could ‘devastate’ property market without easing unaffordability · The Guardian
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