Sunday, Mar 04, 2007
Another 0.25% incease will make all the difference!
Soft landing for house prices predicted by Savills: citywire.co.uk
Recent interest rate rises which have taken Bank Base Rate to 5.25% from its July 2003 low of 3.5% will not have a dramatic effect on house prices, but a prolonged spell with interest rates at 5.5% could derail forecasts, according to Yolanda Barnes, research director at estate agent Savills.
Posted by cash_buyer @ 09:34 PM (170 views) Add Comment
1 Comment
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1. Davros said...
November 2006 : "We think interest rates would have to rise to around 6.5% before house price growth would start to slow," says Yolanda Barnes, director of research at the firm.
Nice one. Honestly, what do you expect from an estate agent called Yolanda?
Still, it's interesting that even estate agents are daring to put anything other than a positive spin on the future of the housing market.