Half of homes in Great Britain taking longer to sell than last year amid mortgage volatility

Homes in Great Britain are taking longer to sell than they did last year, with half of properties in the region facing a slower sales pace. This is due to the current mortgage market volatility, which is causing buyers to wait and see if they can secure a better deal. The situation is particularly challenging for sellers, as it may lead to lower sale prices or a longer time on the market.

Why it matters

The mortgage volatility is causing buyers to wait for better deals, leading to a slowdown in the housing market. This could lead to a decrease in housing prices and a decrease in consumer spending.

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MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to The Guardian. For information only — not financial advice.