Will there be "some kind of cap on house prices" in the UK in 2024? [2024 Psychic Predictions]
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Ṁ2171
Dec 31
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chance

I also feel that there will be some kind of cap on house prices I’m not sure if this is more about a cap on how much a person can make on a house or they’re going to cap the mortgage rate let’s hope that once[sic] a mortgage rate

Source:

https://www.indy100.com/news/sharon-hamoudi-psychic-2024-predictions

Has to be related to the sale prices of a house (not rental price) and has to affect at least ~1 million homes (so can't be a small council area).

Something has to be "capped" in some sense. So the government offering a tax break to people buying houses below a certain value, or to first home buyers, or to builders, etc doesn't count. There has to be a "maximum" level that something can be set to, though that can be relative (e.g. you can't sell your house for more than double what you paid; if your house isn't your primary place of residence you can't sell it for a price that represents more than X% average yearly growth).

I do not live in the UK so I would encourage people to share links to news articles with me if you think something has happened, but I will check after close date. (feel free to send me links via message if you don't want to publicise your information).


Due to the subjective nature I won't be betting in this market.

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