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Who knows. I bought at the height of COVID and plenty of people were predicting a crash then but actually prices continued to go up.
If you're planning on living there, and you'd be happy to live there for a few more years then go for it.
aggi-
We bought before the referendum. Price went down over the course of the following year, but still back up by the time our mortgage came around.
Not something we have to worry about, but near us the >£1m houses are now dropping. I imagine this is because those people at this end have big mortgages, so >5% causes some real pain.
hugo7
Any thoughts on house market. First time buyers. Property near Penge , on for £500k but needs a lot of work and we have offered c. 10% below the asking. Don’t really want a project but cost dictates . We should be able to manage a mortgage even at higher rates than current , but should we be waiting :)