UK home sales set to hit 12-year low ...News

Russia Today - Economy
UK home sales set to hit 12-year low
source : Russia Today ( News ) () 70
The housing market is under pressure as soaring borrowing costs put off buyers, data shows     Home sales in the UK are on course to fall to the lowest level in more than a decade as a result of surging mortgage costs, real estate firm Zoopla reported in its house price index published this week.     The number of house purchases in Britain is expected to drop by 21% year-on-year to about 1 million this year, down from 1.26 million last year and the 14-year high of 1.48 million recorded in 2021, when low interest rates and pandemic tax breaks boosted buying.      Demand for residential housing over the past four

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