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UK Residential Research Bulletin No 48 [electronic resource]

By: Language: English Series: Savills UK Residential Research Bulletin ; (48) Summer 2004Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: Predicts that rising interest rates will have a delayed impact on house prices; buyer confidence will be affected more than housing affordability in the short term. Even if interest rates rise over 5% this is not seen as a trigger for a general collapse in house prices. The market is still on course for a softish landing with a shift to single digit house price growth taking place over the next 12-18 months. However, if interest rates peak below current market expectations, and fall back more rapidly than anticipated, then double digit house price growth could well be sustained into and over 2005.
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Item type Current library Call number Copy number Status Barcode
Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 137044-1001

Predicts that rising interest rates will have a delayed impact on house prices; buyer confidence will be affected more than housing affordability in the short term. Even if interest rates rise over 5% this is not seen as a trigger for a general collapse in house prices. The market is still on course for a softish landing with a shift to single digit house price growth taking place over the next 12-18 months. However, if interest rates peak below current market expectations, and fall back more rapidly than anticipated, then double digit house price growth could well be sustained into and over 2005.