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   Submit your questions on all things property, business and finance here - [email protected]  See omnystudio.com/listener for privacy information.