Are property prices about to crash?

Should you delay or plan your home purchase now, with mortgage rates at an all-time high and house prices falling?

First-time buyers are now confronted with some of the highest mortgage rates seen since the financial crisis.

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Should you postpone your plans because mortgage rates are high and house prices are falling, or is now a good time to bargain?

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Due to higher mortgage rates, first-time buyers will be concerned that the country is on the verge of a housing crash.

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According to Halifax's latest house price index, house prices fell 0.4% in October, the third drop in the last four months.

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Some would-be first-time buyers will postpone their plans until mortgage rates fall, or the housing market improves.

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However, we are finding that sellers are more receptive and open to negotiation than they have been in recent months.

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Because of the current market conditions, fewer buyers may compete with one another, leaving more room for negotiation with sellers.

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