Well i for one have decided to sell my first house that i bought 2 and a half years ago. It isnt completely to do with interest rates, but i cant justify the paying large amounts of interest a year on a house that is losing value. I will be moving in with family to save a large deposit of about 30% for my next house, and hopefully prices will fall a little aswel. As someone who always believed as a young one that property seemed to good to be true, with all the interest that people will pay over their loan, you would hope your house would be doubling in value.
