What does a “higher-for-longer” world mean for the property sector?

This year was supposed to be the one in which the property sector finally experienced relief from high interest rates. It hasn’t worked out that way. But what does a “higher-for-longer” world mean for the property sector? How much longer can the housing market defy high interest rates? What is the solution to increasing supply and affordability? Will the value of office towers be downgraded further? And what sectors of the commercial property market will continue to thrive?