I may very well have the worst timing ever

I've just bought flat #2!
- its in zone 2 (great)
- its very very cheap given the above (great)
- its a "super" studio (super!)
- its in a deprived area so there's no stamp duty (great)
- it needs a lot of work done to it (doh!)
- it's two minutes walk from Narni's flat ([insert your own personal opinion here])


But, given that interest rates will probably go up tomorrow:
--> cost of borrowing up
--> affordability of housing down
--> house prices down?

In the long run it will all work out..... I hope!