Guaranteed rent in Lewisham | Is an interest rate rising for UK property?
Guaranteed rent in Lewisham | Interest rates rising on the UK property market, with base charges of 0.5%, there is only one direction interest rate can go from here and that's going up. Question is when? The latest messages coming from BoE governor, Mark Carney giving some
Guaranteed rent in Lewisham | Most traders had already factored in a hike in an early stage of 2015, and if it happened, this might be the first one to happen since July 2007 following more than eight years of financial easing. Guaranteed rent in Lewisham | The view now is that this could transpire earlier in October or November of this year. Though Carney did stress out that the trail to any improvement could be "gradual and limited".
Guaranteed rent in Lewisham | However what of UK property? That is an asset class that has seen debt on real property from £53 billion in 1999 to £273 billion growth, an increase of 5.5 times.
Though the level of indebtedness has declined somehow, it still soaring high, currently standing at approximately £180 billion, representing an average mortgage value of 28% (excellent commercial property debt to the dimensions of the UK commercial property market). – Guaranteed rent in Lewisham