UK Housing Market Set to Witness Lowest Annual Sales Figures Since 2012

In a reflection of shifting economic currents, the United Kingdom's housing market is poised to witness a dramatic 20% reduction in property transactions this year, reaching its nadir in over a decade. This phenomenon, attributed to the interplay of escalating mortgage costs and a tightening cost of living landscape, serves as a telling indicator of the market's current paralysis
Picture of Alice Weil

Alice Weil

Features Editor at The Executive Magazine

In a forecast that reverberates across the property landscape, Zoopla has projected a notable decline, with the number of transactions anticipated to stand at 1 million – a staggering 21% drop from the previous year. This anticipated descent is slated to mark the most modest figures since the year 2012.

At the heart of this anticipated downturn...


Subscribe To Continue Reading

This content is available for subscribers only. If you're an existing user, please login OTHERWISE you must subscribe to get access to exclusive content and the digital magazine...


Existing Users Login

Continue reading