
London estate agents insist the market is still strong despite interest rate hikes
(Picture: CCO/pxhere.com)If I had a pound for every prediction of a property market crash in London I might have enough to own half a square foot of prime Mayfair real estate.
The outlook really did not look good last week when the gilts market was pricing in rates of 6% or more by next Spring. Mortgage costs are heading north for sure, there is no escaping that, although today’s more relaxed tone in the gilts market suggest the worst fears may be avoided.