Iran conflict disrupts UK housing market, reducing sellers to 47% in 2023

The ongoing conflict in Iran has severely impacted the UK housing market, creating a pervasive sense of fear among sellers. Only 47% of homeowners sought to list their properties in early 2023, down from 68% the previous year. Rising mortgage costs and plummeting buyer confidence have led to significant price reductions in real estate.

Read full article on The Guardian Australia – Business →

Summary by Glance · Original reporting by The Guardian Australia – Business