458 | Are We At The Turning Point? From Slow Growth To A Surge in Listings - Chat with Tim Lawless
The Property Couch
Rising Property Prices Amidst Uncertain Market Conditions
Despite uncertain market conditions and high interest rates, property prices continue to increase due to factors such as loss aversion and low unemployment rates. The chapter explores the surprising trend where the top quartile of the property market leads the price recovery and discusses the scarcity of high-quality properties in the market. It also analyzes the potential challenges that may arise in the housing market, including transitioning from fixed-rate to variable-rate mortgages and the impact of rising values and high interest rates on vendors and the market.
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