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Is next year a good time to buy a house?
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It's a better year to buy a house next
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year than it was this year because it's
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a lot easier to get a mortgage if you
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want one. You need a low deposit. Your
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mortgage rate's going to be lower
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because the interest rate's just going
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down and down. It's going to stabilize
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around 3% next year and so your mortgage
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will start to stabilize. There's a lot
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of supply in the market at the moment.
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Yeah, prices are set to rise 2 or 3% and
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there's a lot of supply and there's a
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lot of demand and so you should be able
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to find a fairly good deal on a house if
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you're looking. It's probably still not
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the best time to buy in London because
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it's still sort of prohibitively
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expensive and prices aren't really going
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to go up as much in London as they are
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in the rest of the country. So, your
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best bet is to buy a house in sort of
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the north of England or a bit further
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outside of London. Prices are going to
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go up because this year there's been a
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lot of supply in the market and demand
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hasn't really kept up with supply, but a
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lot of people have been wanting to sell
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their house. Next year, as it becomes
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easier to access a mortgage, we're going
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to see supply rise a little bit, but
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demand rise quite a lot more. Compared
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to this year, supply will be a little
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bit higher and demand will be quite a
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lot higher. So, it's a good time to buy
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a house and it's probably a good time to
