Your predictions for house prices next year please

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Up? Down?

In our area nothing is coming on the market so house prices are still rising. A house 2 doors down from us sold in 2 weeks for 10% more than one that sold in October (exchanged December). Think ours would sell for the same (we want to move too). However there is nothing out there we want to buy and we're not going to move for the sake of it so it's a bit academic really. Think the whole process is going to take a loong time.

Supply is down at the moment as interest rates are so low and people who previously would have had huge mortgages don't and therefore more people are comfortable staying where they are. However, interest rates are due to go up starting in q3 this year which suggests to me that next year house prices will be coming down.