"The average time to sell a home across the UK has seen only a marginal increase of one day compared to a year ago, despite a period of elevated mortgage rates."
"London's property market is experiencing a more pronounced slowdown, with homes in the capital now taking nearly a week longer to be snapped up."
"Mortgage rates initially climbed following the start of the Middle East conflict, which led to a rise in swap rates used by lenders for pricing."
"Zoopla's figures track the period from a property being listed to it being sold subject to contract, highlighting the distinct impact on the capital."
The Independent focuses on crucial topics such as reproductive rights, climate change, and Big Tech. It emphasizes the need for on-the-ground reporting to present balanced perspectives. The average time to sell a home in the UK has only slightly increased, but London's market shows a more significant slowdown. Mortgage rates have fluctuated due to recent conflicts, yet some lenders are reducing fixed rates. Zoopla's data indicates that properties in London are taking longer to sell compared to last year, reflecting the unique challenges in the capital's real estate market.
Read at www.independent.co.uk
Unable to calculate read time
Collection
[
|
...
]