Mapped: The markets most insulated from rising mortgage costs
Prime property markets are relatively insulated from mortgage rate hikes, says Knight Frank - but transaction numbers are still likely to drop-off in the coming years as the wider housing market cools.
PCL property prices to climb 13.5% over the next five years, predicts Savills, as prime markets out-perform
Savills has updated its five-year property market forecasts, predicting price drops in all regions and sectors in 2023.
Ranked: The world’s millionaire capitals in 2022
London has fallen further down the wealthiest city rankings, with fewer millionaires now calling the UK capital home than New York, Tokyo and San Francisco.
BoE drops mortgage affordability test
"Removing the current stress testing could mitigate some of the impact of higher interest rates," suggests Savills, and is "not as reckless as it may sound".
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