Those expecting higher mortgage rates and the cost of living crisis to take the heat out of the housing market may have to wait.
According to new research from Zoopla, the market could continue to defy gravity until early next year. Demand has sunk over the course of 2022, though it remains 25% above the five-year average.
Zoopla said forecasts of a market crash and double-digit price falls were “unwarranted” adding: “There is no sign of a significant drop-off in buyer interest in response to higher mortgage rates and cost of living pressures.”
