✉news BusinessReal Estate first seen 10 h ago, last 1 h ago, peak #7
Further rate hikes could 'devastate' property market, warns report
Original: Further interest rate hikes could ‘devastate’ property market without easing unaffordability
Analysts warn that additional interest rate rises could devastate the property market without actually making homes more affordable. The warning suggests higher borrowing costs risk deepening a slump in transactions and construction while doing little to improve affordability for buyers. Commentators are debating whether central banks should pause further tightening given the mounting strain on the housing sector.
Why now: Interest rate decisions are imminent and housing affordability remains a live concern for buyers and homeowners.
central banksproperty marketThe Guardian
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- Further interest rate hikes could ‘devastate’ property market without easing unaffordability · The Guardian
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