Here’s why now is a good time to buy your next property, with Stuart Wemyss
Property Investment, Success & Money | The Michael Yardney Podcast
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Is There a Constraint in Borrowing Capacity?
Banks are making a fundamental error in the forecasting of property prices, says Stirling. The people that have driven the market over the last couple of years tended to be higher income earners,. And those higher income earners are actually in a much, much stronger financial position today than what they were at the beginning of COVID. They can continue to work from home. Their savings rate has gone through the roof. So even if there's a small contraction in borrowing capacity, it's really not going to change their strategy or plans in regards to property. We haven't seen that yet.
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