Property News · August 30, 2023

UK home sales in 2023 will be lowest in a decade, says Zoopla


Interest rate rises on mortgages are weakening demand, property website saysThe number of UK homes sold this year is expected to fall to the lowest level in more than a decade, as the soaring cost of mortgages puts off homebuyers.House sales reaching completion are expected to fall 21% year-on-year to about 1m in 2023, the lowest level since 2012, according to a report from the property website Zoopla. Continue reading…

Source : theguardian.com
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