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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.
In Bicester, the gap between 2- and 3-bed homes has widened since 2006, but moving up isnβt as unaffordable as it seems. Lower mortgage rates, higher equity, and incomes mean real monthly costs have risen less than headlines suggest.
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 Binfield rental problems do not start with bad landlords or difficult tenants.