interest rates & gpt, page-2

Directly: Minimal

Possible Indirect effects:

- Higher Interest = less expenditure = less paying consumers = pressure on rental yields from tenants
-but this is in partnership with -
- Higher interest = higher rents as mortgage holders need to increase yield to cater for higher interest expense

- Higher interest = lower asset prices as noone can afford outrageous interest bills

These things take time to iron out - overnight no real change - but how will it look after 4 of these types of increases over the next 12 mnths? 24 months?