UK Housing Market Slows as Buyers Adopt 'Wait and See' Approach

Half of UK homes take longer to sell as buyers adopt ‘wait & see’ approach: Here’s why

A significant shift is occurring in the UK housing market, as half of British homes are now taking longer to sell compared to the previous year. Factors such as mortgage market turbulence and uncertainties regarding borrowing costs are causing potential buyers to hesitate. While Scotland presents the quickest sales, other regions are facing frustrating delays, pressured by inflation worries and potential interest rate increases.

By TRISHA MAHAJAN