Manx Property Market Remains Buoyant
The Isle of Man's housing market continues to attract interest from UK buyers despite wider market caution.
Average mortgage costs in the UK have risen for the first time since February, according to Moneyfacts, with rates edging up slightly after several months of steady reductions.
The Isle of Man's property market remains active, with growing interest from potential buyers in the UK, amidst uncertainty in the UK market.
Volatility in swap rates and a cautionary approach from lenders have led to an abrupt halt in consecutive monthly average rate falls.
Author's summary: Manx property market stays strong despite UK mortgage rate increase.