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

Figures show most leasehold flats in England do not find a buyer within six months, despite slashed prices ‘The market is dead for flats,” says Susan Young*, who has been trying for some time without success to sell her two-bed flat in a popular Devon seaside resort. The first-floor property is in “immaculate condition”, Young says, thanks to the £15,000-£20

The top 3

  1. Top Global Cities with Unaffordable Housing: Housing affordability is a critical factor in market activity, with several global cities exhibiting significantly high price-to-income ratios and property costs.
  2. Biggest Drivers of Housing Market Downturns: Housing market slowdowns are primarily influenced by macroeconomic factors such as interest rate changes, affordability crises, and shifts in lending standards.
  3. Countries with the Highest Property Transaction Costs: High transaction costs, including taxes and fees, significantly impact property market liquidity and can deter both buyers and sellers.

Sources

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