We all know the story. The pandemic hit the world, leading to lower mortgage rates and a greater desire for people to have their own space. As a result, we all rushed to buy properties, causing one of the tightest property markets of recent years. But fast-forward to more than two years later, and what’s happened?
Some figures suggest as many people as 75% regret their decision to buy, feeling they acted hastily based on pressure. So, could it be an ominous sign of a crash in housing market prices? Here are five reasons why that could be the case.