When you have had your property on the market for a while, many sellers eventually face the same difficult decision: whether their asking price needs adjusting to reignite buyer interest.

Many people like you get stuck in that “almost ready” stage. You want to move, you’ve registered with agents, you might even have seen some dream homes online… but your current property still isn’t on the market.

In early 2023, property forecasters predicted a significant UK housing downturn over the next two years, citing rising interest rates following Liz Truss's departure. Halifax expected an 8% drop, Savills predicted a 10% drop, and Nomura Bank forecast up to a 15% drop.

The property market is frequently misunderstood, especially amid dramatic news stories. Here’s what Ruislip homeowners need to know to avoid costly traps.