PROPERTY IN 2023: SHOULD YOU BUY, SELL OR STAY PUT? – WHICH?

Experts forecast lower house prices and fewer sales in the new year.

The new year looks set to bring a shift in the housing market, with the days of soaring house prices and cheap mortgage rates consigned to the past.

People looking to buy their first home or progress up the property ladder will face a slower market and higher borrowing costs, while those who decide to stay put in their current home will encounter more expensive rates when they come to remortgage.

In truth, there’s no definitive ‘good’ or ‘bad’ time to move house, but by doing your research you can reduce the likelihood of making a financial misstep. Here, Which? analyses the pros and cons of upping sticks or putting down roots in 2023.

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