The pandemic house price boom caught almost everyone by surprise and has continued to run for longer that most expected, but is it now about to end.
Rising interest rates and the cost of living crunch are putting a serious squeeze on how much buyers can borrow – and that means they can’t keep paying ever higher prices for homes.
Meanwhile, stories are emerging of banks and building societies getting cold feet on some of the offers that ambitious buyers have had accepted and down-valuing properties.
What’s a down valuation? When the bank or building says, ‘we’re sorry but that property isn’t worth what you have agreed to pay’.
Combine that with the best mortgage rates having more than doubled and you might finally have the recipe for the property market running out of steam.
On this week’s podcast, Georgie Frost and Simon Lambert discuss whether house prices can defy gravity once more.
Also on the show, should you sign up to a savings platform to manage your cash in one place and hopefully get a boost on rates?
Plus, what should investors do as a slow motion crash hits stock markets and sends the price of many shares and popular funds and trusts sinking.
And finally, fed up of being told to cancel your subscriptions to save money? We look at ways to keep your favourite shows and music but cut back on costs.
Record high: Despite the cost of living crisis and another base rate rise, property prices continue to grow
