Buyers reliant on borrowing are reducing budgets, Savills finds

In light of the recent interest rate rises and the rise in the cost-of-living, Savills reports that 29% of prospective buyers have stated that they have reduced their budgets in response to these factors

Home buyers that are deemed to be the most reliant on borrowing are starting to reduce their budgets in the face of rising interest rates and the increased cost of living, according to a survey conducted by property firm Savills. 

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