What would a 200 basis point rise do to the property market?

Today, the Bank of England has raised interest rates to the highest level seen since 2009. What impact will this have on the property market?

Real estate may become less attractive against other asset classes in the event of an interest rate rise. However, it is forecast that it will not bring upon the onset of a collapse in values.

The 30th annual Financing Property presentation from Savills looks into the effects of an interest rate rise on the real estate market and the lending market behind it.

Savills said that, generally, the UK lending