Why didn’t Southampton House Prices Crash in 2023?
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Despite average mortgage rates climbing from just over 2% to over 6% in the last two years, house prices haven't plummeted as anticipated. This defiance against more significant falls is attributed to several key factors, Labour Market & Earnings, Lender Restraint and Mortgage Affordability Testing (Stress Testing).
Read More Unveiling the Secrets of Southampton's Housing Market: Insights from the 2021 Census
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