✉news BusinessReal Estate first seen 22 h ago, last 6 h ago, peak #7
Warning that further rate hikes could devastate property market
Original: Further interest rate hikes could ‘devastate’ property market without easing unaffordability
Commentators warn that additional interest rate increases could 'devastate' the property market while failing to make housing more affordable. The argument is that higher borrowing costs would push down prices mainly by squeezing buyers and owners, rather than tackling the underlying supply shortages that drive unaffordability. Homeowners, prospective buyers and the construction sector are watching central bank decisions closely for signs of further tightening.
Why now: Markets are weighing whether central banks will raise rates again amid concerns over housing affordability.
central banksproperty markethomebuyers
Evidence
- Further interest rate hikes could ‘devastate’ property market without easing unaffordability · The Guardian
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