"Home buyer demand across the UK softened in March, a trend attributed to rising mortgage rates and global uncertainty exacerbated by the ongoing conflict in the Middle East, according to property website Zoopla."
"Despite the overall slowdown, some parts of the UK, including Wales, Yorkshire and the Humber, and London, saw sales agreed remain flat or even slightly increase compared to last year."
"Buyer inquiries were down by 13% year-on-year, indicating that potential purchasers are increasingly adopting a cautious, 'wait and see' approach before entering the market."
"The overall number of homes for sale has increased by 6% annually, reflecting a continued desire among homeowners to move despite the more uncertain backdrop."
Home buyer demand in the UK decreased in March, influenced by rising mortgage rates and global uncertainties, particularly from the Middle East conflict. Zoopla reported a 2% annual decline in agreed sales, although some regions like Wales and London saw stable or slightly increased sales. Buyer inquiries dropped by 13% year-on-year, indicating a cautious attitude among potential buyers. Despite the slowdown, the number of homes for sale rose by 6% annually, showing homeowners' continued desire to move amid uncertainty.
Read at www.independent.co.uk
Unable to calculate read time
Collection
[
|
...
]