Property author comments on Bollard's warning

Author Andrew King believes warning about high debt usually doesn't apply to people buying and selling just one home...

Wednesday, October 15th 2003, 6:49AM

by The Landlord

He does not believe there will be a major downturn in the heated property market.

Mr King says home affordability may cause the brakes to go on the market, but only slowly, and that any dramatic rise in interest rates still looks very unlikely.

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