✉news BusinessReal Estate first seen 13 h ago, last 2 h ago, peak #7
Further rate hikes could devastate property market, experts warn
Original: Further interest rate hikes could ‘devastate’ property market without easing unaffordability
Economists and industry commentators are warning that additional interest rate increases could devastate the property market without making housing any more affordable. The concern is that higher borrowing costs would push down prices by squeezing buyers, yet fail to tackle the underlying shortage of homes that drives unaffordability, leaving homeowners worse off and would-be buyers little better placed.
Why now: Central banks are weighing further rate rises amid persistent inflation, raising fears about the impact on housing.
Evidence
- Further interest rate hikes could ‘devastate’ property market without easing unaffordability · The Guardian
API: https://socialmediatrends-api.osmike.com/v1/trends/248919