With the news of interest rates rapidly increasing and mortgage products being removed across lenders, it’s understandable to question whether interest rates will cause a crash in the housing market. In this episode, Mark explores why this may or may not happen and the other issues the current turmoil in the market could cause.
KEY TAKEAWAYS
BEST MOMENTS
“We’ve gone straight through the crossroads now and things are changing quite rapidly”
“Demand will probably start dropping considerably, we’re probably in recession already”
“Could house prices crash? Absolutely”
“History tells us when inflation rates start to increase they do so quite quickly”
VALUABLE RESOURCES
https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/
ABOUT THE HOST
Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
CONTACT METHOD
Email: Markhomer@progressiveproperty.co.uk
LinkedIn: https://www.linkedin.com/in/markhomer1
Facebook: https://www.facebook.com/markprogressive
Twitter: https://twitter.com/markprogressive