Jim Buckle, Managing Director of property website assertahome.com said:
'Householders are paying ever-increasing multiples of their income to secure their desired home according to our latest housing market
confidence survey. Aggressive interest rate increases will hit these newer homeowners hard and risk tipping the market into a downturn. Those in London and the South East are paying multiples well above the national average and are most exposed. And if the market is hit hard in London, past experience shows that the rest of the country follows."
