B A R B I C A N L I F E
Frobisher Crescent studio on sale by Frank Harris at £460,000 (currently under offer)
a mortgage price war – particularly for fixed rate contracts as borrowers look to protect themselves against what they see as an inevitable rise in interest rates in the years ahead. There are warnings about a
housing bubble developing again – the latest to warn on this being Mark Carney, the new Bank of England supremo. He noted that the UK Central Bank was “acutely aware” of such a risk and suggested moves that could be taken to reign in a rampant property market if needed. These included asking lenders to restrict borrowing terms, or hold more cash on their balance sheets to dampen down mortgage availability, but did re-iterate that interest rates were set to stay at record lows for at least three years as part of an effort to shore up his flagship ''forward guidance'' statement.
ESTATE AGENTS’ COMMENTS
Sales: Matt Gibberd of Th
e Modern House:
My experience of the Barbican is that there are two different types of buyer: the first specifically wants a property that's close to the City, while the second specifically identifies with the architecture and community of the estate. The latter encapsulates what we do. The awareness and appreciation of Modernist architecture has
increased
immeasurably since we established our agency ten years ago. As prices soar at the Barbican and London's other listed 1960s and '70s estates – with nearly every sale going to sealed
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