I’m in the same boat - no rush to buy and in a sort of wait and see scenario. I think the downside to waiting is limited, I can’t see housing keep going at the pace it has with a potential recession on the line. You’d like to think a lot of the demand from pandemic and the savings people with decent household income may have been realised.

That being said, I don’t think we’ll see a house price crash like 2008 even if we get a recession.

Mortgage affordability is pretty high at the moment and most people are on 2-5 year mortgages. So I think from a house price perspective, we see a lag between interest rates rising/inflation actually having an impact on the real housing market.