“Sellers are demanding record amounts for their homes, apparently ignoring economists’ forecasts of an imminent fall in house prices.
The average price of a property coming to market has risen by 0.9 per cent this month to a record £371,158, according to Rightmove, the online property portal. That is the strongest monthly rise since May, although less than half the level of price inflation at the start of this year when cheap mortgages and the “race for space” drove the market up.
House prices are 7.8 per cent higher than they were this time last year, compared with 8.7 per cent in September. Back in the spring, the annual rate of house price inflation was in double figures. Affordability for would-be buyers’ has beenstretched by runaway house prices and that has been worsened by rising mortgage rates and the cost of living crisis.”
https://www.thetimes.co.uk/article/h...lump-kmzk2gppf
Some things never change…
The average price of a property coming to market has risen by 0.9 per cent this month to a record £371,158, according to Rightmove, the online property portal. That is the strongest monthly rise since May, although less than half the level of price inflation at the start of this year when cheap mortgages and the “race for space” drove the market up.
House prices are 7.8 per cent higher than they were this time last year, compared with 8.7 per cent in September. Back in the spring, the annual rate of house price inflation was in double figures. Affordability for would-be buyers’ has beenstretched by runaway house prices and that has been worsened by rising mortgage rates and the cost of living crisis.”
https://www.thetimes.co.uk/article/h...lump-kmzk2gppf
Some things never change…
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