Are low base rates driving the worldwide property market?

[nmb]

There is no doubt that low base rates around the world are impacting demand for property with low finance costs but to what extent? Are other factors such as some seeing property as a safe haven or the “pension fund” of the future playing any role?

 

[Judith Beilby]

I think that the core undersupply of quality homes and a rising population needs to be attributed to rising prices. The base rates are market conditions rather than underpinning factors.

 

[Michelle Barringer]

I think low base rates are impacting the demand - but also think that supply is an issue and in general people are still cautious of the market and want to feel confident in the market before they will move - if rates remain for the next few months market confidence will continue to grow therefore facilitating the market to move more quickly