‘The market is dead’: why aren’t flats in England selling?

The market for leasehold flats in England is experiencing a significant slowdown, with most properties failing to find a buyer within six months. This is despite sellers slashing prices in an attempt to attract buyers. The lack of sales activity is causing frustration for those trying to sell, with some describing the market as "dead". This stagnant market has significant implications for the housing sector, as it can lead to reduced property values and decreased investor confidence.

Read the source report: The Guardian