The head of research at a leading agency is warning that although the housing market remains buoyant, there may be macro-economic clouds on the horizon.
Tom Bill, head of UK residential research at Knight Frank, says that ultra-low borrowing costs have underpinned demand, helping push typical house prices to record highs.
But he warns: “Longer-term, there will need to be a readjustment as mortgage rates normalise, a process that has been delayed by the pandemic.
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