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Meaning people will have a lower budget allocated for a mortgage, meaning real estate prices should drop. The rise in building material costs should in theory p
by yrgulation 4y ago
Meaning people will have a lower budget allocated for a mortgage, meaning real estate prices should drop. The rise in building material costs should in theory push prices up, but if there's no one to buy then there's not much room for increasing prices.
- substation13 4y agoUK government will not let this happen. Whatever lever they can pull will be pulled to maintain UK house prices.
- 5350-uiop-1130 4y agoyeah the tories had 20 years to fix things but yet things got worse. hmm, wonder why that is now....
- 5350-uiop-1130 4y agothis inflation, low wages, is more about the massive wealth inequality gap you can either afford to buy a flat for a half million or you're living hand to mouth
- pjc50 4y agoInterest rate rises themselves should do that, but there's no sign of this happening yet. https://news.sky.com/story/uk-house-prices-rise-to-sixth-consecutive-record-but-there-are-signs-of-a-slowdown-12654244 https://news.sky.com/story/uk-house-prices-rise-to-sixth-con... Don't forget the buying power of overseas money.