April 10, 2023

As the cost of living crisis and high mortgage rates continue to burden homeowners, buy-to-let investors, and first-time buyers across Britain, properties are being listed at prices significantly lower than their pandemic-era selling prices. However, the challenges are far from over, and the mortgage market will exacerbate them substantially. Despite the slower-than-anticipated reduction in inflation rates, the Bank of England still has to foresee lowering its official rate, which means that lenders will maintain high mortgage rates. According to some economists, this could result in a gradual decline in the property market, similar to the downturn experienced in the early