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Will house prices plummet at some stage?


This may not be the case as there are still too many people competing for too few homes; it’s all about supply and demand. House prices could remain stable as homeowners remain uncertain about selling and the possibility of construction rates slowing down. Now that the Bank of England has chosen to cut their base rate to 0.25% more cheap mortgage deals could become available and lead to greater demand at the lower end of the market.


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