Why one in four property buyers don't care about interest rates

You might think higher rates keep buyers away from the property market but a remarkable 25 percent of purchasers buy outright - with no mortgage! It’s a remarkable statistic and offers an insight into a unique feature of today’s real estate market: Aging downsizers combined with freshly made fortunes from offshore underpin a considerable amount of the demand in the residential sector.

Michael Matusik of Matusik Property Insight is Wealth Editor James Kitby’s guest in this week’s episode  

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