Interest Rate Rises to 5% – June Property Market Update

In this Property Education video, Simon Zutshi, author of Property Magic, founder of property investors network (pin), and successful property investor since 1995 gives his latest Housing Market Update regarding UK Interest Rates Rising Again.

The UK Interest Rate Hits 5% and could present a major problem for many Property Investors, unless they are aware of the Impact Simon elaborates on in this Interest Rates Rise video.

With the Bank of England Interest Rate increasing for the 13th time since December 2021, it is wise to become familiar with the idea that UK Interest Rates are used as a tool to control Inflation.

The result of the UK Base Rate at 5% includes homeowners refinancing their property, more renters, an increased supply of Property on the Market and Property Prices coming down further.

Due to Interest Rates Hitting a shocking 5% mark, Simon addresses how an increasing number of supply may or may not result in a Property Market Crash in 2023 or 2024, depending on how long it will go on for and UK Inflation altogether.

Simon encourages those interested in Generating Wealth Through Property to focus on High Cash Flow strategies such as HMO Property Investing and Serviced Accommodation.

Lastly, he highlights how it is essential not to get influenced by negative media and others around you. One of the key ways to keep your mindset on track is by plugging in to your local property investors network meeting (pin Meeting). You will come into contact with like-minded individuals who also want to stay positive and achieve Property Success.