UK House Sales Slowest in Decade Amid Mortgage Rate Surge, Says Zoopla

UK House Sales Slowest in Decade Amid Mortgage Rate Surge, Says Zoopla
A sold sign is seen outside new houses on a construction development in Nantwich, England, on June 22, 2023. Christopher Furlong/Getty Images
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The number of houses and flats sold in the UK this year is predicted to be the lowest in a decade, as buyers feel the impact of higher mortgage rates and cost-of-living pressures, a leading property website reported.

The house price index by Zoopla on the latest housing trends in August 2023 revealed a 21 percent net decline in property sales this year. It will be the lowest number of properties sold since 2012.
Evgenia Filimianova
Evgenia Filimianova
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Evgenia Filimianova is a UK-based journalist covering a wide range of national stories, with a particular interest in UK politics, parliamentary proceedings and socioeconomic issues.
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