And the advice is to slash your asking price by 10% if you want to sell now as buyers are waiting for further drops. I guess the correction was long overdue and the interest rate hike was just a catalyst.
Job uncertainty + rising interest rates. You’ve got to be pretty fortunate if you’re comfortable buying a house right now.
[deleted]
Will this have a knock on effect on rent or will that still rise due to the passing on of interest rates to tenants?
£30,000-£45,000 has already been taken off asking prices in my part of London. Lots of properties going back on the market too.
Prices still up 5% year-on-year, in the same article. This is just a slow-down, not a crash, for now.
6 comments
And the advice is to slash your asking price by 10% if you want to sell now as buyers are waiting for further drops. I guess the correction was long overdue and the interest rate hike was just a catalyst.
Job uncertainty + rising interest rates. You’ve got to be pretty fortunate if you’re comfortable buying a house right now.
[deleted]
Will this have a knock on effect on rent or will that still rise due to the passing on of interest rates to tenants?
£30,000-£45,000 has already been taken off asking prices in my part of London. Lots of properties going back on the market too.
Prices still up 5% year-on-year, in the same article. This is just a slow-down, not a crash, for now.