politics

Half of Great Britain's Homes Are Selling More Slowly Due to Mortgage Market Instability

18 Ağustos 2026The Guardian

Half of homes in Great Britain are taking longer to sell than last year due to volatility in the mortgage market, exacerbated by the ongoing Iran war. Many potential buyers are adopting a 'wait and see' approach, hoping for better deals.
The property platform Zoopla reports that in 180 out of 363 local authorities across England, Scotland, and Wales, homes are experiencing longer selling times compared to the previous year.
The ongoing conflict in the Middle East, particularly the Iran war, has introduced significant volatility into financial markets, including mortgages. This has led to increased caution among homebuyers, who are now more likely to delay purchases in hopes of securing better financing options.
The current state of the housing market reflects broader economic uncertainties tied to geopolitical events. As buyers hesitate, it may lead to a stagnation in sales, affecting not just individual sellers but also the overall market dynamics.

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This article is for informational purposes only and does not constitute financial advice.