Published on: Wednesday 03 October 2007 by
RICS said: "Potential house buyers have become far more cautious as they
wait and see what affect interest rate rises will have on household finances.
Affordability is at its most stretched in over a decade and many will worry
that rising mortgage repayments will prove a step to far.
The market will soften further, going into the autumn, reducing some impetus
from those that have been chasing a rapidly moving target. HIPS have reduced
the number of four bedroom family properties coming onto the market, making
family homes even more difficult to purchase.”
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