Despite a rise in the interest rate, homebuyers appear to be unaffected.
The property market was still buoyant, with sales on the increase compared to August 2005. August is traditionally a quiet month in the property market, but this year has been just as busy. There is a shortage of homes for sale and so if you are considering selling, now maybe a good time.
Our view
Inflation has risen again, we believe there is a real risk of another interest rate rise. This would slow the property market right down.