We understand that choosing exactly when to put your house on the market or start your search for a new home is difficult. With a turbulent year in the housing market so far, you may be wondering what the market conditions are like this Autumn.
During the last couple of years, house prices have seen strong growth, primarily due to an imbalance between demand and supply and low interest rates making it relatively cheap to borrow money.
However, as interest rates rise and the cost-of-living crisis worsens, the housing market is expected to slow. With energy prices rocketing, petrol prices hitting new records and inflation rising, finances are being squeezed and disposable income available to spend on a house is falling.
Whilst there has been an overall increase in house prices so far this year, the rate at which house prices are increasing is declining. So, what does this mean if you're thinking of buying or selling?