If you buy a house now you will be buying just as a house price crash begins. Right now is a great time to be a renter, not an owner.
I was reading the paper lastnight and it said that with HIP's coming into play on the 1st June the market is getting flooded with sellers and it's a buyers market right now with sellers happy to knock chuncks of money off their property
. With higher interest rates coming into play soon it seems that if anybody wants to sell they will have to bring down the asking price to sell to the buyers who are limited thanks to the interest rates.
I guess a drop could happen so it might be worth waiting for 6/9 months.
Just saw a CAP flying very low over my works and wish I was up there.