Wednesday July 15, 2020

Estate agents sanguine about prospect of rate hike

Falling prices, the credit crunch and now a possible increase in interest rates - good news has been thin on the ground for the property market over the past number of months.

Gillian Nelis

Managing Editor

@gnelis
7th June, 2008

Falling prices, the credit crunch and now a possible increase in interest rates - good news has been thin on the ground for the property market over the past number of months. But, perhaps surprisingly, estate agents do not believe that a quarter percentage point rise in interest rates in July will have a dramatic effect on the market.

‘‘I’m not sure that it will make a huge amount of difference,” said Michael Grehan, managing...

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