According to Alliance & Leicester, you are still confident in the property market with over 4% of people in the UK expecting to move in the next 12 months.
A&L say that the recent multiple hikes in interest rates have not dampened enthusiasm.
Our view
As expected, whilst there is a slow down, many still are comfortable being sat on huge equity profits in their property. Expect further rate increases. Perhaps one in October/Novermber, one around January and another around May.
believes that three further rate hikes of 0.25% is what will be required to bring inflation under control and stability to the property market.