London Housing Price Cuts Rise; Higher Rates Force More to Sell

The video discusses the impact of rising mortgage costs on the housing market, highlighting that a significant number of mortgage holders are considering selling due to unaffordability. It examines the specific challenges faced by London's housing market, where high deposits deter first-time buyers, leading to a buyer's market with significant discounts. The video concludes with an analysis of current market trends, noting that interest rates may have peaked, potentially easing mortgage rates.

What challenges are first-time buyers facing in the capital?

What is the current state of interest rates as mentioned in the text?