“We’re just waiting for prices to come down.”
It’s something we hear almost daily from buyers in London. And it makes sense—higher interest rates, economic uncertainty, and media headlines can make anyone nervous about buying right now.
But here’s what most people aren’t calculating: waiting could be costing you more than you realize.
The Real Cost of Waiting
If you’re on the sidelines hoping for a better deal, take a moment to look at the bigger picture.
1. Interest Rate Fluctuations
Even a small shift in mortgage rates can add hundreds to your monthly payment. And while rates in 2025 have seen some movement, no one can predict with certainty where they’ll land next quarter.
Example: On a $600,000 home, a rate increase from 5.2% to 5.7% adds over $150 to your monthly mortgage. That’s nearly $55,000 in additional interest over 25 years.
2. Missed Equity Growth
If you’re renting or waiting, you’re missing out on potential appreciation. In areas like Old South, Byron, and Oakridge, prices are holding steady or rising slightly—even in a more balanced market.
3. Delaying Lifestyle Goals
Waiting isn’t just about money. It’s also about time. Whether you’re trying to shorten your commute, get your kids into a better school, or finally have space to breathe, postponing those benefits has its own cost.
What’s Really Happening in the London Market?
London hasn’t crashed. Yes, bidding wars have cooled, and prices have softened slightly in some neighbourhoods. But homes in the $500,000 to $700,000 range are still moving—especially if they have desirable features like income suites, modern kitchens, or dedicated home offices.
If you’re holding off for a major drop, you may be waiting longer than you think.
So… Should You Buy Now?
Not necessarily. But waiting indefinitely without a plan might not serve you either.
At Certainli, we’ll help you:
- Access off-market and pre-MLS listings
- Understand your true purchasing power today
- Get clarity on how to buy if you need to sell first—or not at all
- Move forward with a strategy that works for you.
Final Thoughts
There may never be a “perfect time” to buy. But there is a right time based on your needs, your budget, and your goals.
If you’re on the fence, let’s talk. We’ll give you honest advice with no pressure. Because you should come first.
