Quote Originally Posted by Doucas View Post
3% is low back when houses cost 3x your salary now it's about 8 or 9x your salary. Source - https://www.schroders.com/en-gb/uk/i...ity-in-the-uk/
In fairness that's true, it is going to get tough for youngsters from now on. Normally increasing interest rates would cause uncertainty and a house price crash, but due to the shortage, it may just be a small fall or levelling out for a while. To add to the problem there are thousands of migrants in hotels, they need housing too, so the shortage of housing seems unlikely to reduce any time soon?