Conrad Vass explains why buyers have paused: rising interest rates, tighter bank lending, and uncertainty from the new government's policies. They're not scared away, just waiting to see how things settle.
Hi, it's Conrad Vass from Space Property Agency, your trusted real estate advisor. Still talking about real estate topics and answering your questions. Still questions coming in on what are the influences as to what is scaring buyers away. They're not quite scared away, they're perhaps pausing to reflect. We talked about interest rates, we talked about banks revising people's lending capacities. Another very important one is we've just had a change of government. That's right. Yet to see what their policies are and what they mean in real terms, whether it's for investment or whether it's for home buyers. Keep your questions coming in. Feel free to post them in the comments below. You can DM me or indeed call me. My contact details are always at the bottom of my posts.
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