Lots of people have been predicting that prices w fall at some point but they just seem to keep on going up. If things continue as they have done then it's likely that £125k will become the new normal. On the other hand, increasing interest rates may cause a drop in prices but no-one really knows.
Exactly, all the constant predicions of the great housing crash, yet we've had Financial Crisis-Brexit-Covid-Ukraine, 10 years of massive disruption and yet prices still rose...
The basic answer is "fuck knows".
Lots of people have been predicting that prices w fall at some point but they just seem to keep on going up. If things continue as they have done then it's likely that £125k will become the new normal. On the other hand, increasing interest rates may cause a drop in prices but no-one really knows.