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Further rate hikes could devastate property market, warn experts
Original: Further interest rate hikes could ‘devastate’ property market without easing unaffordability
New warnings suggest that further interest rate rises could seriously damage the property market without actually making homes more affordable. The argument is that higher borrowing costs would hurt sellers, buyers and the construction sector, while house prices would remain out of reach for many. Commenters are debating whether central banks should pause hikes given the uneven impact on housing.
Why now: Central banks are weighing further rate rises amid ongoing housing affordability concerns.
The Guardiancentral banksproperty market
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- Further interest rate hikes could ‘devastate’ property market without easing unaffordability · The Guardian
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