Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Business
Jonthan Prynn

London property crash reports are exaggerated…for now

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.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.