this post was submitted on 20 May 2024
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[–] GreatAlbatross@feddit.uk 4 points 6 months ago

Once the mortgage rates ease off a bit, and (potentially) stamp duty moves, they're likely to go through a big rush again.

An average house in an average place is generally at the limit of affordability, when the rates drop a little, expect the prices to lurch to fill the gap/extra profits landlords can make from the lowered rates.