London’s housing market is facing a “slowdown” and the Bank of England is in danger of “overdoing” interest rate rises according to the chief executive of housebuilder Berkeley.
Rob Perrins told The Standard that buyers were being deterred by a lack of clarity on where interest rates are likely to peak. “What people would like is certainty … when [ interest rates] are moving, get to the end of the journey as quickly as you can.”
